Reinstatement Cost Assessments

An insurance reinstatement cost assessment estimates the likely cost of rebuilding a property following an insured loss, including demolition, professional fees, statutory requirements and other appropriate allowances. It ensures owners have appropriate coverage to avoid the financial risks of over- or under-insurance, and is distinct from a property’s market value.

Reinstatement Cost Assessment (RCA)

Often described as a building insurance valuation or the building insurance rebuild cost, a Reinstatement Cost Assessment is a comprehensive written report suitable for use by insurers and brokers to validate policies, and owners, trustees, estate and asset managers to protect themselves from personal liability, financial loss, and legal non-compliance.

As well as detailing the final figure providing the base for the ‘Declared Value’ or ‘Sum Insured’ for insurance purposes, the report will include a thorough assessment of the building’s construction, floor areas, specifications, and note any access constraints and abnormal rebuilding factors. It will include allowances for demolition, debris removal, professional fees, statutory compliance, and external works, where applicable.

Our specialists can conduct either a desktop or an inspected Reinstatement Cost Assessment, depending on the property's complexity and your requirements.

We can also manage ongoing rebuilding assessments for entire property portfolios. By putting your buildings on a structured revaluation schedule, we ensure your insurance cover remains up to date with changing construction costs, reduce your administrative efforts, and provide you with a single, clear overview of your total insurance risk.

Specialist knowledge for accurate assessments

Reinstatement cost assessments can be particularly important for complex, historic, rural, listed, or high-value buildings where standard indexation may not accurately reflect the true rebuilding exposure. Seeking guidance from a trusted advisor is essential, as a properly prepared assessment not only supports more informed insurance cover but also better portfolio governance and risk management. Our specialist consultants have extensive experience reviewing listed, heritage, estate, agricultural, commercial and residential property risks.