Building Reinstatement Cost Assessments are required in order to assess the cost of re-building
a property in the event of total destruction, usually a requirement of your buildings insurance.

Anderton Gables undertake the measurement, assessment and calculations to prepare the
required valuations for both Commercial and Domestic buildings.

Buildings must be insured to cover the full cost of demolition and rebuilding together with any
other allowances for professional fees. For leased buildings, the insurance policy may cover
ground rent and an alternative accommodation for the lessees, but this should be clarified with
the insurance company.

An accurate reinstatement cost could save you money on your insurance premiums by accurately determining the value of your property before you obtain a quotation. We have known some property owners to guess at the cost of reinstatement, but in the event of an insurance claim being made;
the first thing the underwriter will ask for is a reinstatement valuation.

If your property is undervalued, you might not receive the full value of your insurance claim.
Although many buildings insurance policies are index-linked, it still makes sense to obtain
regular reinstatement valuations to make sure that you have sufficient cover.

In the event of fire or other catastrophe, Anderton Gables can assist with specifying & administering repairs and agreeing suitable settlements with the insurance loss adjusters.

Anderton Gables have recently undertaken Reinstatement Cost Assessments for over one hundred properties in Yorkshire, Derby and Manchester. All the properties were pre 1900’s,
some of which were Listed Buildings and required reinstatement in exact (matching) materials, such as stone flag roofs and ornate features.