Specialist assessments for every block type.

Blocks of flats carry rebuild costs that generic online calculators miss entirely communal areas, lifts, shared services, external fabric, professional fees, and VAT on partial-damage repairs. A RICS-regulated Reinstatement Cost Assessment captures every cost layer specific to your block. When multiple leaseholders share one insurance policy, a wrong declared value puts every one of them at risk simultaneously.

If the declared value in a buildings insurance policy is inadequate at claim time, the insurer applies the average clause and reduces every payout proportionally. A block insured for 70% of its true reinstatement cost has every claim escape of water, fire, subsidence paid at 70p in the pound. An up-to-date Reinstatement Cost Assessment (rebuild cost assessment) is the primary protection against this.

A RICS-regulated Reinstatement Cost Assessment for a block covers demolition and site clearance, structure, external envelope, communal areas, lifts, building services, professional fees, statutory fees, and VAT where applicable. It produces a single declared value covering the full cost of rebuilding the block from cleared ground the figure your insurer needs at renewal.

Yes particularly for central-London blocks where market value substantially exceeds reinstatement cost. Owners insuring toward market value pay inflated premiums every year for unnecessary cover. A professional Reinstatement Cost Assessment right-sizes the declared value in both directions, removing overpayment as well as underinsurance risk.

Yes. We regularly work with managing agents, RTM companies and resident management companies commissioning Reinstatement Cost Assessments on behalf of freeholders. If you manage multiple blocks, our portfolio Reinstatement Cost Assessment service covers every property under a single instruction with a consolidated summary schedule.

RICS guidance requires a formal Reinstatement Cost Assessment at least every three years, with annual BCIS-indexed inflation adjustment in between. Our 3-Year Protection Plan covers both requirements under one instruction full Reinstatement Cost Assessment in year one, indexed rebuild cost updates before each renewal, no re-instructing required.