What is the purpose of a Insurance Reinstatement Valuation?
It is vitally important to both commercial and residential clients that insurance valuations
are undertaken regularly to ensure, in the event of a claim on buildings insurance, they are
neither under nor over-insured.
In many instances, proper insurance is a specific requirement under the terms of a commercial
lease, or a policy is required by mortgage lenders prior to lending.
Arnold & Baldwin can provide professional advice on the estimated reinstatement costs of your
asset for insurance purposes, ensuring the continued protection of your investment.
Our valuations use the most up to date data provided by the Royal Institution of Chartered Surveyors Building Cost Information Service.
When insuring your home or building, it is not generally suitable to insure it against
its sale price or current market value. A reinstatement valuation generally assesses the
estimated cost of reinstating a building on a particular date following total loss or such substantial
damage that the entire structure requires demolition and rebuilding.
If you are under-insured, you run the risk of not being able to reinstate the building; or if over-insured
you will potentially be paying a higher insurance premium than necessary. You can see further information
from the Association of British Insurers on Commercial Property Insurance
For a general and “rough” estimate on the reinstatement cost of your home, the Royal Institution of
Chartered Surveyors Building Cost Information Service, under commission of the Association of British
Insurers, provides a free Residential Rebuilding Cost Calculator service
NOTE: This service requires registration and only allows a limited number of uses per user per year.
Professional, efficient surveyors. Get the job done
in a timely manner, had our survey back within 5 days
of inspection. All team members I spoke with (Tiffany
and Billy) were really lovely. Highly recommend. :)
I have only just started working with Stephen and he
has already demonstrated the high levels of customer
attention and dedication that this company has. The
first impression he has caused is such that made me
write this review. I have no doubt that the continuous
service will be of same level. Looking forward to
working further with Stephen. Well done!
Lease extension - I found Daniel Grove very
professional and had an excellent understanding
of all aspects relating to this transaction.
Advice was invaluable, and it was nice to come
across someone who did exactly what they said
they were going to do.
Would not hesitate in recommending the firm
and Daniel to anyone who has a lease to extend.
Amazing job and fully professional treatment.
The surveyor went above and beyond to check for
everything, when he could have easily claim lack
of access. In addition he was more than happy to
answer questions over the phone and be there to
explain the steps.
Within 48 hours I received my detailed report
from Joe Arnold which enabled me to see the
property as it was and not through rose-tinted
glasses! The report highlighted areas where
money might need to be spent and provided
guidance on questions for my solicitor -
just what I needed. Overall, the survey
enabled me to re-assess my offer and in this
respect was invaluable. Thank you for a
friendly and professional service.
100% choose this company. As first time buyers
we had a mortgage valuation which said the house
was fine. The Arnold & Baldwin survey found over
£30,000 of problems. Holes in the roof with daylight
visible, damp, woodworm, broken sash windows and poor
electrics. This company helped us renegotiate and
save a fortune.
Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.
From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.