Skip to main content

Discharge your compliance obligation.

As the agent responsible for placing cover, you carry a duty of care to every leaseholder in the building. A specialist RICS assessment is the defensible position that protects you, your PI cover, and your clients.

Protect Yourself and Your ClientsOur Services
RICS surveyor carrying out Reinstatement Cost Assessment for managing agents

RICS-regulated assessments for managing agents and RTM companies across the UK.

Managing Agents

Underinsuranceis your risk, not the freeholder's.

The average clause means insurers pay only a proportionate share of any claim when the declared value falls short. As the practical decision-maker on the declared value, the shortfall - and the leaseholder complaints - land with you.

A stale or inadequate valuation is the oversight that becomes a professional negligence claim. Under FCA Consumer Duty, leaseholders are now defined as customers - an unjustified sum insured fails that test too.

Get a Quote

Approach comparison

Stale valuation (3+ years old)

Creates PI exposure; average clause triggered on a claim.

Index-linking only

Compounds existing errors; no physical reinspection.

Online calculator or functional-unit rate

No professional indemnity backing; challenged by loss adjusters.

RICS Reinstatement Cost Assessment

Defensible at every stage - PI-backed, broker-ready, compliant.

What We Deliver

01

Documented declared value - defensible at claim stage

02

Clear methodology statement for insurers and brokers

03

Review date and indexation guidance

04

Mixed-use itemisation for residential and commercial blocks

05

Professional indemnity backed assessment

06

Broker-ready format - forward directly, no rework

07

Phased portfolio scheduling to smooth service-charge cost

Managing Agents

A broker-ready report that protects you, your PI file, and your clients.

We handle the technical assessment so you can demonstrate due diligence with confidence - to leaseholders, insurers, and regulators.

01

PI protection

A RICS-aligned assessment on the recommended three-year cycle is the defensible position that keeps a claim shortfall off your E&O file.

02

Full lease compliance

Discharge the insuring obligation under the lease and demonstrate fair value to leaseholders under FCA Consumer Duty.

03

Portfolio efficiency

Single instruction for multiple blocks; phased scheduling and a consolidated summary schedule included at no extra charge.

Managing Agents

Built around your renewal cycle.

PI Protection

Every report is backed by professional indemnity insurance and produced to RICS guidance - the documented defence you need if a claim shortfall is ever questioned.

Read More

24-hr Turnaround on Quotes

Instruction confirmed to quote within one working day. Survey and report delivery within 10–15 working days - no renewal window missed.

Read More

3-Year Compliance

We flag the next recommended assessment date in every report and offer portfolio scheduling so your entire managed estate stays on cycle without admin overhead.

Read More
Our Services

Pick the assessment that fits your property.

Desktop Reinstatement Cost Assessment service

01. Desktop

RICS RegulatedRICS

Desktop Reinstatement Cost Assessment

BCIS-indexed rebuild cost modelling without a site visit. Delivered within 24 hours of instruction. Accepted by all UK insurers.

  • RICS-regulated, broker-ready report
  • BCIS-indexed rebuild cost modelling
  • Delivered within 24 hours of instruction
  • Accepted by every UK insurer
Request Desktop Assessment

Listed or non-standard property? An On-Site Survey may be required instead.

RICS surveyor conducting an on-site Reinstatement Cost Assessment

02. On-Site

RICS RegulatedRICS

On-Site Rebuild Cost Assessment

A RICS surveyor attends in person for full measurement and construction analysis. Required for listed, heritage and complex buildings.

  • RICS-regulated, broker-ready report
  • Surveyor attends in person, full measurement
  • Required for listed, heritage & complex buildings
  • The insurer-preferred option for high-value risk
  • Accepted by every UK insurer
Request On-Site Survey

Managing more than one property? Ask about the 3-Year Protection Plan.

Best Value
3-Year RICS Reinstatement Cost Assessment protection plan

03. Recommended

RICS RegulatedRICS

3-Year Reinstatement Cost Assessment Plan

One instruction covers three years of RICS compliance — full Reinstatement Cost Assessment in year one, annual BCIS-indexed renewal reports before each renewal date.

  • RICS-regulated, broker-ready report
  • Full assessment year one, indexed updates years two & three
  • One instruction, one invoice - no re-instructing
  • The preferred choice for agents & portfolio landlords
  • Accepted by every UK insurer
Enquire About Protection Plan

Saves the cost and admin of re-instructing every year.

FAQ

Common questions.

Common questions from managing agents and RTM companies about Reinstatement Cost Assessments.

Yes. Where a claim shortfall arises from a stale or inadequate Reinstatement Cost Assessment, the managing agent can face a professional negligence or E&O claim independent of who holds the insuring obligation under the lease. A current RICS-regulated Reinstatement Cost Assessment on the recommended three-year cycle is the defensible evidence that you discharged the duty correctly.

Yes. Every Reinstatement Cost Assessment (rebuild cost assessment) we produce is accepted across the UK market without amendment. Each report documents the declared value, methodology, assumptions and review date in the format brokers and loss adjusters expect. Forward it directly at renewal.

Desktop Reinstatement Cost Assessments are delivered within 24 hours of instruction for standard residential blocks. For on-site rebuild cost assessment instructions we confirm the survey programme at the outset. For portfolio instructions we agree a phased schedule so no renewal window is missed.

No. Index-linking adjusts the declared value figure but compounds any existing error in the original Reinstatement Cost Assessment and does not capture material works, specification changes or structural alterations. RICS requires a full formal Reinstatement Cost Assessment at least every three years index-linking alone does not satisfy that requirement.

The Declared Value (DV) is the reinstatement cost figure established by the managing agent the rebuild cost assessment output. The Sum Insured is set by the insurer: the DV plus an inflation provision, typically a 20–50% uplift. Confusing the two and under-declaring the DV creates the shortfall that triggers the average clause. A formal Reinstatement Cost Assessment produces the correct DV as its primary output.

Yes. We produce individual RICS-regulated Reinstatement Cost Assessment reports per property, with residential and commercial elements split for mixed-use blocks, a consolidated portfolio summary schedule, and staggered scheduling to smooth service-charge cost across renewal years.