We also offer reinstatement costs as a supplementary service to our standard homebuyer reports. These reinstatement cost assessments evaluate, by means of a calculation, the full cost involved in restoring or rebuilding your property, following an insured event. For instance, a destruction through fire, subsidence, flood etc.
It is vital that your property insurance is updated to cover the full restoration costs – especially if your home has undergone any major works or renovations. If you neglect to do this, your insurance providers will employ something called “averaging” to your claim, meaning you will not receive the full payment and be left to cover the rest of the costs yourself.
To ensure that you are fully protected and insured for all contents and eventualities, click here.