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Insurance Valuations

valuations

Insurance Valuations

In order to insure a property, it is essential to understand the full reinstatement cost of the premises to include demolition cost, professional fees and the like.

The calculation of this cost is based on the gross external area and there are RICS guidelines in terms of how this reinstatement cost be calculated. This figure will be required by the insurance company in order to help them accurately assess the appropriate premium for the insurance on the premises.

We are highly familiar with the workings of these types of valuations and would be delighted to help you in order to understand the figure that should be submitted to the insurance company to ensure that you are not either over or under insured.

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