Don’t pay too much or too little for home insurance in London

If you overestimate the cost of reinstating your home, you risk spending more than necessary on insurance. Conversely, if you underestimate the cost, you might not have the cover you need to reinstate your property following a disaster. Instead of estimating your home’s value for insurance purposes, let our RICS registered surveyors provide an accurate insurance reinstatement valuation.

At Harding Chartered Surveyors, our qualified valuers follow the strict guidelines of the Royal Institution of Chartered Surveyors Building Cost Information Service to provide accurate reinstatement cost assessments to residential and commercial customers in London. We work independently of banks and lenders and always offer impartial advice, so contact us today to speak with an experienced valuer directly.

What is a reinstatement cost assessment?

In most cases, home insurance packages are based on the cost of reinstating a property on a particular date rather than its current market value. Insurance reinstatement valuations let insurance providers know what the cost of rebuilding a damaged structure is likely to be should it sustain such substantial damage.

Do I need to pay for an insurance reinstatement valuation?

You can estimate the cost of reinstating your property using online tools of varying reliability. However, if you over or undervalue your home, you could end up paying too much for insurance you don’t need or too little for insurance that provides inadequate cover. Obtaining an accurate reinstatement cost assessment from a RICS registered valuer minimises the risk of choosing the wrong cover for your requirements.

Why you should obtain a professional reinstatement cost assessment?

With an insurance reinstatement valuation from a RICS registered valuer, you can:

  • Ensure You’re Paying the Right Amount for Home Insurance
    Don’t needlessly pay too much or too little for cover due to inaccurate estimates.
  • Minimise the Risk of Inaccuracies
    Speed through the insurance application process with a correct and current insurance reinstatement valuation.
  • Remain Prepared for Any Situation
    Ensure your insurance covers you for the worst-case-scenario.

Is a RICS insurance reinstatement valuation a worthwhile investment?

By spending as little as a few hundred pounds on a valuation from a RICS registered valuer, you can secure a fair deal for a comprehensive insurance package that will protect your family and finances in the event of a disaster.

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