Fire Reinstatement Valuations

Should a building not be properly insured for its true current reinstatement value and then suffer from a serious fire, requiring extensive repairs, or worse, its complete demolition and rebuild, the insurer’s of the building are most likely to only compensate the owner’s of the building for the insured amount, meaning the owner of the building will be left with a significant shortfall in funds to repair/rebuild the building back to its original condition.  

In order to prevent the above, we have provided BCIS Fire Reinstatement valuations to numerous clients for commercial/industrial/retail buildings. 

Our involvement is usually as follows:

• Undertaking necessary site inspection of the premises to take site/building measurements;
• With the site/building measurements known, we carry out BCIS cost calculations to arrive at a current Fire Reinstatement valuation for the building;
• Provision of a Fire Reinstatement valuation report to the client, to duly identify and justify how the valuation figure has been achieved.