A Reinstatement Cost Assessment for Insurance purposes will advise on the anticipated cost of reinstating a building in the event of damage covered by an insured risk. In times of ever increasing insurance premiums it is becoming ever critical to ensure that your principle assets i.e. your building stock, are adequately insured against loss. Val O’Brien & Associates can provide expert advice across a broad range of building types and provide a current and up to date insurance valuation. Please note that reinstatement costs have no direct relationship to the market value of the property.
We utilise the figures and information provided by the Society of Chartered Surveyors Ireland/Building Cost Information Service (RICS/BCIS) along with industry knowledge to calculate the Reinstatement Cost Assessment and this information is recognised by the insurance industry.