Commercial/Industrial.
Providing an adequate insurance policy is usually a requirement of a commercial lease, and any shortfall in the rebuilding costs is the responsibility of the insured. Often, insurance policies base the valuation figure on the current market value of the property, however, we take a different approach to ensure you are fully protected as often this figure can be lower than the reinstatement costs.
A reinstatement cost assessment for commercial properties is used to calculate the potential cost to rebuild a structure to ensure that the property is thoroughly insured in the event of a fire or other devastating incident. At Building Reinstatement Valuations, we utilise our in-house team of experts to accurately evaluate your property value. Over-estimating a commercial building's value could result in excessive premiums, while under-estimating a building’s value will mean that insufficient funds are available to reinstate the building, which can cause irrecoverable damage to any business.
Our priority is to ensure your commercial property’s value is correctly assessed using our fully compliant reinstatement cost assessments in line with RICS guidelines.
