Reinstatement Cost Assements: Another String to your Bow |
It makes sense to work with Paradigm Consulting.
For legal compliance and ultimately for your clients’ peace of mind, we’ll evaluate every relevant factor regarding their property for total accuracy in their insurance cover.
In effect, it’s another string to your bow.
Our highly experienced team already has the skills you need to identify what’s gone wrong — in the case of a claim. Simply put, think of our RCA services as “before” rather than “after”.
Reflecting the type of building to be assessed, we’ll assign a team member with the best and most relevant skills. We work using preliminary online digital research, which may involve access to the RICS database. Also, of course, an actual, in-depth onsite inspection.
- A site-measured survey for a precise calculation of the floor area
- Size, construction, location and age of the building
- Cost of demolition and removal
- Numerous other aspects, including car parking spaces, access roads, sewage and water disposal, walls, fences, etc.
It's Important To Note...
The above list is far from exhaustive.
Paradigm Consulting will notice everything. And miss nothing.
We’ll see the whole picture, not just the property on its own: the ramifications of a railway line running behind it, say, or the issues associated with a Grade II listed building. In other words, as well as any other allowances required by the lease terms, we’ll incorporate every locational factor that could impact its rebuild costs and the surroundings.
Assessing Subsidence Risk
A number of factors can cause a building to subside. Soil type… the presence of trees and shrubs… leaking drains or water mains… landslips – all could play a part.
If a property has experienced subsidence before, we’ll visit it to establish why – and use our expertise to advise you on whether it could happen again.
Well-Informed Insurance Valuations for Niche Buildings
With our breadth of expertise, we can complete a reinstatement cost assessment (RCA) for any type of property. However, we’ve built a particular reputation for doing this for historic, listed or high-rise buildings.
Depending on the kind of building to be assessed, we’ll assign a member of our team with the relevant specialist knowledge to survey and value it for insurance purposes.
Finding the right person with the right skills is vital. For instance, a customer asked us to survey a high-rise building after another company had given an inaccurate estimate. Our expert quickly discovered that the previous survey had failed to take into account that the taller the building is, the higher the costs can be. A classic example of the difference between a ‘one-size-fits-all’ approach and Paradigm’s bespoke service.
Reporting for Smart Choices -- From Paradigm Consulting
The final report reveals our findings: the total cost required to re-create the building from scratch.
[Contact us] for more information on our Reinstatement Cost Assessment services.
