Mark McClelland-Jones
BA (Hons), MA, PgCert, ProfCert, AssocRICS, FRSA
Associate Royal Institution of Chartered Surveyors
RICS Registered Valuer
Affiliate Royal Institute of British Architects
Domestic Energy Assessor
Legionella Risk Assessor
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Buildings Insurance Valuations
Reinstatement Cost Assessment
A Buildings Insurance Valuation (commonly known as a Reinstatement Cost Assessment) is a site-based survey which represents industry best practice. A Reinstatement Cost Assessment determines how much it would cost to reconstruct a building should it be destroyed, such as in the event of a fire or collapse. This figure enables you to insure the building for the correct amount. To arrive at an appropriate figure, a Reinstatement Cost Assessment uses data and information from the Building Cost Information Service (BCIS), which was established by the Royal Institution of Chartered Surveyors for use by qualified professionals. BCIS is the UK’s leading cost benchmarking and valuation platform for construction.
A report for your insurer typically costs around £250 (no VAT).
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