Insurance Valuation – Replacement Cost Estimate
Is your property adequately insured?
Reduce the risk with a Herron Todd White Replacement Cost Estimate report (RCE).
Ensure your property’s replacement value is correctly assessed with an RCE report prepared by our qualified Quantity Surveyors. The assessment is used by your building’s insurer to calculate the premium for defined risks and to set the limit of indemnity on which the insurance is based.
The sum insured should include all costs that would be incurred in replacing the building:
- Cost of making the damaged building safe, demolition and site clearance
- Estimate cost of constructing a similar building on the same site
- Professional and authorities fees relating to the new building
- Allowance for escalation in costs up to “disaster date”
Ask us about combining your replacement cost estimate report with a tax depreciation schedule for market valuation at a reduced fee.