INSURANCE REBUILD COST
Elemental Quantity Surveyors understand that having an accurate and up to date reinstatement costs ensures you’re not at risk of financial shortfalls in the event of ‘total loss’. Without one, you risk being underinsured and could face significant cost overruns should the worst happen. Equally, overvaluing the cost of rebuilding will result in higher premiums.
We prepare Reinstatement Cost Estimates for insurance purposes, which insurance providers use to offer you coverage in the event of a total loss. This estimate includes construction works, professional fees, authority fees, and inflationary provisions.
INSURANCE ESTIMATES
REINSTATEMENT COST ASSESSMENTS
We prepare Reinstatement Cost Estimates for insurance purposes, which insurance providers review before offering you coverage in the event of a total loss. This estimate includes construction works, professional fees, authority fees, and Inflationary provisions.
We also include an Indemnity Estimate or Depreciated Replacement Cost Estimate, which is calculated using the straight-line method. This is used to calculate the appropriate value of Fire Services Levies for your insurance premiums to fund local fire departments.
