At Steren Surveyors UK Limited, we offer a desktop Nationwide service for your BCIS Reinstatement Cost Assessment required for renewals of your commercial / industrial business premises insurance.
BCIS Reinstatement Cost Assessments in many cases do not require a physical site investigation for each property.
However, for first time Reinstatement calculations or for Insurance companies that require site visits we can also offer nationwide inspections.
The BCIS calculates regionally per square meter for the reinstatement cost to rebuild your property from the ground up using modern materials and therefore the existing structure and materials are not a requirement for the calculation, deeming a site visit unnecessary in many cases.
All we may require for the calculation is the IPMS 2 (internal square meters of the subject building/s) which should be easily identifiable within your architectural plans, EPC Certificate or within your fire safety documentation, along with the completion of a short questionnaire.
Once we have received this information, we are able to accurately calculate your Reinstatement Cost Assessment on a local and regional basis throughout the UK.
This not only means that we can provide this service at a fraction of the cost, but also with a much quicker turnaround.
If you are either a large conglomerate with multiple business premises, or a small business with an individual unit, we are able to provide this service within a short turnaround time providing an accurate BCIS Reinstatement Cost Assessment from our recognised RICS Registered Valuing Firm.
As a firm, we are more than comfortable to work directly with businesses or with their appointed or proposed insurance brokers in order to provide this quick, easy and reliable service.
Reinstatement Cost Assessment:
A Reinstatement Cost Assessment (RCA) is used to calculate the potential cost to rebuild a building and provide a ‘day one reinstatement’ figure, based on replacing 'new for old'. It is crucial for business premises owners to obtain an accurate Reinstatement Cost Assessment for their buildings to ensure that they have the correct amount of insurance and are adequately covered.
It is recommended that an accurate Reinstatement Cost Assessment is completed annually due to the fast changing economics and costs of materials.
Please contact us through our contact form for a quotation or feel free to contact our team by telephone.
