With many years of experience of Quantity Surveying in the Residential sector we really understand building costs and work closely with Estate Management companies to make sure that everyone is properly covered at the right price.
An accurate cost assessment is required by insurers to ensure that your building is insured for the correct amount, avoiding situations of under and over insurance. If your property is undervalued, insurance payments may not adequately cover the cost of rebuilding. Likewise, if the building is overvalued, your insurance premiums will be higher than they need to be.
Our cost assessments are formulated by reference to the Building Cost Information Service of the Royal Institution of Chartered Surveyors (RICS) and we make adjustments to reflect what information we collect from our on-site survey when we take detailed measurements of the building and also the external areas.
We have carried out Reinstatement Cost Assessments on more than 250 developments where over 4,000 people live. On many developments residents were pleased to see that their insurance premiums went down because they were over-insured. Some residents have also been very concerned when the insurance values did not cover the cost of rebuilding, which put them all at risk! We also carry out insurance cost assessments on the estate areas and play areas which so often get overlooked.