Reinstatement Cost Assessment

Lantic Surveyors & Valuers can provide Insurance Reinstatement Valuations for residential and commercial properties. The cost of building materials and labour has risen significantly and therefore it is important your property is insured for the correct sum. If you underestimate the cost, you may not have the required level of cover following a claim. Insurance Reinstatement valuations are calculated with reference to up-to-date data from the Building Cost Information Service. There is no correlation between the re-build cost and market value of a property.

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Whilst most typical, conventional, residential properties are insured through a standard home owner policy with a maximum re-build cost of £500,000 or £1,000,000 you should check your specific insurance policy and obtain an Insurance Reinstatement Valuation if required. We typically provide this service for period / Listed Buildings, commercial / mixed used premises, Agricultural premises and estate / portfolio properties. Please contact us for a bespoke quotation.