Building Reinstatement Valuations
At RSAM Chartered Surveyors our experienced surveyors provide buildings reinstatement valuations for buildings insurance purposes on all types of residential and commercial property across England and Wales.
We can also help property purchasers. An accurate buildings reinstatement valuation or insurance valuation can be incorporated into a building survey for a property purchaser. We are able to discuss your individual requirements with you at any time.
Due to the requirements of testing procedures for external cladding following the Grenfell Tower tragedy and report, we do not carry out reinstatement valuations on blocks greater than five storeys.
A Buildings Declared Valuation calculates the cost of rebuilding the building. So, if the sum insured is not enough to pay for the rebuild you, and any fellow leaseholders in the event of a block of apartments, would be liable to pay the shortfall from your own funds. If you are a director of a Residents’ Management Company or Right to Manage Company, you are also likely to be liable for any inadequacies in the sum insured.