Reinstatement cost assessments
Reinstatement cost assessments are most often required for building insurance purposes and we are able to provide a report stating the rebuilding cost to ensure that the building is neither over insured nor under insured.
We were appointed by the National Trust to inspect and produce insurance reinstatement costs on a rural estate of over 50 buildings. Those buildings were a selection of properties, most of which were listed, including an eclectic mix of historical and modern houses, farmhouses and farm buildings, the National Trust office and associated commercial workshops and stores, a bunkhouse, a shop and even a flint built folly on top of the South Downs.
Residential Barn Conversion
A homeowner instructed us to prepare a reinstatement cost assessment to ensure that their insurance was at an adequate level. The building had only recently been converted from a historic farm building and was finished to a particularly high quality. Standard RICS valuation figures obtained from insurance companies and figures from the contractor who converted the property were found to be inappropriate. We produced a valuation that confirmed that the owner would have been significantly under-insured if they had relied upon the figures previously obtained.