Commerical Reinstatement Valuation Carried out in Tenterden
Our client required a reinstatement valuation in order to ensure Buildings Insurance renewal was up to date. Interestingly, this was a returning pesion investment client from 2016 when DMP sought planning and listed building consent for Listed retail property in Tenterden.
The property, a Grade II Listed 15th Century timber framed building comprises of two retail units over ground and first floors and attic rooms.
what is a reinstatment valuation?
A reinstatement valuation is the estimated amount for which a building should be insured and the cost associated with its reinstatement should the property be destroyed by fire for example.
You should review the level of insurance you have periodically, as the cost of construction can increase over time quite rapidly. To make sure you have the correct level of cover, you can instruct a surveyor to calculate the reinstatement cost figure. The surveyor uses specialist equations, software and local knowledge to calculate the reinstatement cost figure. The variables used in these equations may differ depending on the local area and the construction techniques used, listed building for example.
DMP have vast experience in reinstatement of commercial buildings following fires in particular listed buildings. Please see our Case Studies Tenderden Listed Building Reinstatement and Maidstone Building Reinstatement.
Furthermore, our clients can be confident that our working practices, policies, procedure and staff training is to the highest ISO9001 international standard.