Reinstatement Cost Assessment
RICS-compliant reinstatement cost assessments for insurance purposes — ensuring your property is neither under- nor over-insured.
What is a Reinstatement Cost Assessment?
A Reinstatement Cost Assessment (RCA) is a professional valuation that determines the cost of rebuilding your property from scratch in the event of total loss — such as fire, flood, or structural collapse. It is not the same as market value.
Carried out by our RICS Chartered Surveyors, an RCA ensures your buildings insurance sum insured accurately reflects the true rebuild cost, protecting you from the financial consequences of under-insurance.
Under-insurance is one of the most common and costly mistakes property owners make. If your sum insured is too low, your insurer may only pay a proportion of any claim — even for partial damage.
Who Needs a Reinstatement Cost Assessment?
- Residential and commercial property owners renewing or taking out buildings insurance
- Landlords and portfolio investors ensuring adequate cover across multiple properties
- Leaseholders and freeholders with shared insurance obligations
- Mortgage lenders requiring a formal RCA as a condition of lending
- Property managers and managing agents responsible for block insurance
What Does Our Assessment Cover?
Our RICS surveyors carry out a thorough inspection and provide a detailed report covering:
- Measurement and assessment of the building's gross external area
- Construction type, materials, and specification
- Demolition and site clearance costs
- Professional fees including architects, engineers, and surveyors
- VAT and statutory compliance costs
- BCIS (Building Cost Information Service) benchmarked rebuild rates
RICS Compliance
All our Reinstatement Cost Assessments are prepared in accordance with the RICS Guidance Note on Reinstatement Cost Assessments of Buildings and the RICS Red Book where applicable. Our reports are accepted by all major UK insurers.