realistic reinstatement cost assessment
Reinstatement Cost Assessments
We advise building owners on the appropriate insurance reinstatement value, considering the building’s nature, location, and other key factors affecting rebuild costs.
We are experienced in portfolio assessments and have a BCIS subscription to access up to date cost information. Our 3D scanning capabilities allow us to quickly and accurately calculate floor areas of buildings for use in the cost assessment process.
Our Approach
We undertake an inspection of each property to be insured in order to understand the particular issues relating to the building, restrictions on access, location and complexity of services etc.
- Our understanding of rebuilding costs and the impact of local conditions and restrictions means we can be confident our assessment will adequately cover the costs of rebuilding the property, whilst avoiding inflating the valuation and thereby incurring unnecessarily high premiums.
- Our knowledge of listed buildings and conservation areas means we can accurately factor these additional costs into our valuations.
- Our knowledge of leases assists us to identify which tenant alterations become part of the premises and should be included within the valuation for insurance purposes.
- We are experienced in undertaking portfolio evaluations containing properties spread throughout the UK.
Whether you’re a landlord or tenant, Set Square is here to help you navigate dilapidations with confidence. Contact us today to discuss your position.