REINSTATEMENT COST ASSESSMENT (RCA)

A Reinstatement Cost Assessment (RCA) determines the estimated cost to rebuild a property from scratch, typically in the event of a total loss or substantial damage. It's a valuation that includes demolition, site clearance, and professional fees, ensuring the property is insured for the correct amount. RCAs are crucial for accurate insurance coverage, preventing underinsurance or overpayment of premiums.

A Reinstatement Cost Assessment (Ensures the property is insured for the correct amount, preventing underinsurance (where you might owe money) or overpayment (where you're paying higher premiums than necessary). 

RICS recommends full RCAs every three years, with updated RCAs whenever significant changes to the building or contents occur.

EO Surveyors provide cost-effective expert advice with Reinstatement Cost Assessments for the residential and commercial property sectors.