Possibly one of the most overlooked aspects for a property owner or landlord is their building reinstatement valuation.
Much of the time, this is a figure that is hardly considered by the client and unfortunately, occasionally is even based on the capital value of the building.
We regularly come across undervalued insurance cover, particularly when dealing with insurance claims. When a building is under-insured and suffers a claim, the insurer will seek to average the claim down to its insured value.
Through undertaking a thorough measured survey and using real-time market data, HAB Consult offer comprehensive reinstatement cost assessments to provide you with a robust insurance valuation.
We recommend undergoing this exercise every 3 years as insurers calculate the annual premium using inflation, which does not coincide with the construction market.