We provide advice in relation to the reinstatement costs associated with buildings or property portfolios for insurance purposes to guide clients through the risks associated with over-insurance and under-insurance.
This expert advice requires a full understanding of the make up and type of construction of the premises in order to provide an accurate account of the cost of reinstatement.
Trident has specialist online costing index software that ensures the latest and accurate construction rates are available, benchmarked against comparable properties throughout the UK.
Our most common instructions are based upon ‘Day One’ valuations, where no allowance is included for inflation or building cost increases. Many insurers use this type of policy as it is the most cost effective. However, additional reinstatement cost assessment calculation methods are also available.
Trident’s systems ensure all relevant reporting is undertaken in strict accordance with the latest RICS Guidance Note and best practice.