Building costs can change significantly over time and are not linked to the value of the property. Consequently, Insurance Reinstatement Valuations can rise or fall irrespective of market values.

The cost of rebuilding should be accurately calculated to prevent penalties in the event of claims and it is particularly relevant to commercial policies of insurance where, in a number of cases, the Average Clause can be implemented by insurers if sums insured are low.

In the current economic climate, with building costs reducing by as much as 30% and insurance premium increasing at similar rates, significant savings could be achieved on insurance polices with a proper reinstatement valuation.

KSQS’s team of specialists can prepare a Reinstatement Valuation in a timely and cost efficient manner.

It is always wise to have your insurance valuation periodically re-calculated to ensure you are adequately covered.


If you would like to get in touch with KSQS today then you can contact us on 021 483 4656 or email us at or alternatively you can use our inquiry form here.

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