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Re-instatement Valuations

peter ellicock • Apr 17, 2023

Ensure you are adequately insured

Having a Reinstatement Valuation on a commercial and domestic  building is critically important for a variety of financial, legal and practical reasons. Reinstatement Values are comparative measurements of what it would cost to rebuild or restore the building to its current condition in the event of catastrophic damage like an earthquake or fire.


Knowing the true value of your building is essential to minimizing financial losses due to unexpected repairs as well as optimizing insurance coverage based on your actual property risks instead of outdated historical values.


In addition, many lenders require Reinstatement Valuations before financing a building, so possessing this valuable information can help save you from last-minute surprises when looking for a loan to acquire or improve the building. Ultimately, having an accurate and up-to-date Reinstatement Valuation is absolutely necessary for protecting yourself and your business as well as maximizing success in any venture related to commercial and domestic buildings!

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