Hardies prepare Insurance Valuations for both Residential and Commercial properties. Many insurers require a professional valuation to be carried out, which calculates the cost of rebuilding a property in the event that it is damaged or destroyed by flood, fire or other disaster. This is often referred to as a Reinstatement Valuation.
The valuation process involves a detailed inspection of the property, an accurate measurement of the floor area and a record of any special features. Thereafter, the cost to re-build the property is calculated to ensure that adequate cover is in place.
Problems occur where a property is damaged by flood, fire etc and it is discovered that insufficient cover is in place. Equally if the property is over-insured, a Client will be paying too high an insurance premium.
If you are concerned about your level of cover, please contact us to obtain an accurate reinstatement valuation, by emailing email@example.com or contact one of our local offices.
Stephen Craig MRICS
Head of Valuation Services