MACE DAVIES ~ CHARTERED BUILDING SURVEYORS ~ DARTFORD, KENT
Insurance Reinstatement Cost Assessments (RCAs)
A Reinstatement Cost Assessment for building insurance purposes is an estimate of the rebuild costs to rebuild a property in a situation where substantial damage will require complete building demolition and reconstruction.
Providing an accurate reinstatement cost is critical when ensuring that a property is adequately insured. Our RCA’s are calculated on an element by element basis to ensure accuracy. The cost advices the client on the cost of demolition, professional fee’s, statutory undertakings and the rebuild cost. Our RCA’s also consider the day one factor.
The RICS recommend that a full Reinstatement Cost Assessment be carried out every three years with desktop studies being undertaken every year.