A reinstatement cost assessment is a professional calculation of the costs involved in rebuilding a property in the event of a total loss — for example, following a fire, flood, or structural failure. This figure is essential for ensuring that your buildings insurance cover is set at the correct level.
At Bemerton Consulting, our RICS Chartered Building Surveyors in Liverpool carry out reinstatement cost assessments for both commercial and residential properties across Merseyside and the North West.
Many property owners rely on outdated or estimated insurance valuations, which can leave them significantly under-insured or paying premiums on an inflated sum. A professional reinstatement cost assessment provides an accurate, up-to-date figure based on current construction costs, ensuring adequate cover without overpaying. This matters even more on large industrial and warehouse buildings, where a relatively small difference in the cost assumed per square metre can translate into a very significant shortfall in cover across a building of 100,000 sq ft or more.
Our reinstatement cost assessments take into account the full cost of demolition, site clearance, rebuilding to current Building Regulations standards, professional fees, and any additional costs such as access requirements or heritage considerations for listed buildings. We provide a clear report suitable for submission to your insurers.
Contact our team today to discuss your reinstatement cost assessment requirements. We serve clients across Liverpool, Merseyside and the North West.
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Suite 119, The Cotton Exchange Bldg, Old Hall St, Liverpool L3 9LQ
Phone: 0151 559 2760
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