An Insurance Reinstatement Cost Assessment determines the cost of rebuilding a property in the event of total loss, ensuring that buildings are insured for the correct amount.
Sterlingworth Surveyors provides accurate and professionally prepared reinstatement assessments to help property owners avoid underinsurance or overinsurance and meet insurer requirements.
An Insurance Reinstatement Cost Assessment calculates the cost required to completely rebuild a property, including demolition, construction, professional fees, and associated costs.
This figure is different from market value and is used solely for insurance purposes.
An accurate assessment ensures that insurance cover reflects the true cost of reinstatement rather than the property’s sale price.
All assessments are prepared by RICS-qualified surveyors in line with RICS Redbook global standards.
An assessment may be required for:
Insurers often require reinstatement figures to be reviewed periodically to remain accurate.
Our service is structured to provide a clear and defensible reinstatement figure.
Inspection of the building to assess size, construction type, materials, and complexity.
Calculation of construction costs, including labour, materials, demolition, and site clearance.
Allowance for architects, engineers, planning, and statutory fees.
A clear report setting out the total reinstatement cost for insurance purposes.
An accurate reinstatement assessment ensures that:
Outdated or estimated figures can leave property owners exposed to significant financial risk.
Assessments should be updated regularly, particularly following major works, extensions, or changes in construction costs.
Many insurers recommend review every three to five years to ensure accuracy.
Our team can advise on appropriate review intervals based on your property.
No. Reinstatement cost reflects the cost to rebuild a property, not its sale or market value.
Yes. Our reports are prepared by RICS-qualified surveyors and are suitable for insurer use.
Yes. We use recognised construction cost data and professional judgement to calculate accurate figures.
Typically every three years, or sooner if significant changes are made to the property.
Ensure your property is insured for the correct rebuild cost.
Contact Sterlingworth Surveyors to arrange an Insurance Reinstatement Cost Assessment.
