Reinstatement cost assessment
Ensuring that your property is appropriately insured is essential for property owners and tenants, and in many instances is a specific requirement under the terms of a commercial lease.
Preparation is key to getting valuations correct. In the event of a claim, the surveyor's valuation will be under scrutiny and, if found wanting, may give rise to a claim of professional negligence. Conversely, a valuation of a property that is in excess of the appropriate figure will incur the landlord and/or the tenant additional and unnecessary premiums and may involve discussions on the veracity of the valuation.