Reinstatement Cost Assessments
Every GP practice will have building insurance, but before you renew your policy, do you have an accurate figure to cover rebuilding costs should the worst occur?
How can we help you?
It is extremely important that your GP surgery premises are adequately insured. We are able to undertake a Reinstatement Cost Assessment (RCA) of your practice premises to ascertain the cost of demolition and subsequent rebuilding to its current standard should the worst happen. This is known as the reinstatement cost, and consequently this is the figure your property should be insured for, to prevent a deficit between the insured cost and the re-build costs.
In additiion to the rebuild cost, our Reinstatement Cost Assessment (RCA) report will state rebuild periods allowing a contingency plan to be implemented to allow services to be maintained for your patients.
All of the Reinstatement Cost Assessments undertaken by GP Surveyors follow best practice guidance provided by RICS.
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