A property reinstatement valuation is usually a requirement of your buildings insurance periodic renewal. The valuation assesses the cost of property in the event of an insured loss by way of total destruction for example collapse, flooding, fire etc providing an independent valuation to reinstate to former condition.
At Willmotts, our team of highly skilled surveyors have extensive experience of preparing building reinstatement valuations for all property types including residential, commercial, industrial, retail and public buildings. Our reinstatement valuations are produced using published building cost information and our own in-house information from current or recent projects. Valuations can be undertaken on a one-off basis or reviewed annually where required.
In the event that your building is destroyed or severely damaged, Willmotts can also assist with specifying & administering repairs and agreeing suitable settlements with the insurance loss adjusters.
For further information or for an informal conversation please contact Robert McMillian.