Reinstatement Cost means the cost of reinstating the property at a certain time when the reinstatement will happen with regard to any increases in building prices in a sum that will involve the price of demolition, site clearance, ancillary expenses, shoring up, and architects, surveyors, other professional fees.

To get any specific Reinstatement Cost estimate or Assessment, it will involve a site visit for inspecting the property, take needed steps and site notes that contain detailed info about the type, quality of the accommodation, a calculation of the reinstatement cost estimate based on the info collected during the inspection, as well as the recording of this all details in a report by the customer in their insured sum.

The estimate is the price of rebuilding and it is done by assuming that the property is destroyed to a degree that it needs rebuilding or demolishing in its entirety.  This assumption mentioned will apply not only to the building, but it will apply to the building grounds, which also include boundary features and services on the grounds such as drainage.

There are a few factors that should be considered by the surveyor during their site visit, and these factors will affect, to a great or less extent on the assessment. The surveyor will assess the building age, its materials, and the different methods that had been used in its construction. They will point out whether there are any factors which have the capacity to affect the demolition as well as the rebuilding of your property, such as access to the site, erect scaffolding, and space to place materials.

The surveyor will also see and consider your building situation in relation to different adjacent premises and he will also see whether temporary protection is needed or not, for instance, for party walls. The surveyor also will consider whether there are any deleterious materials that have been used in the construction of the building that can increase the prices of demolition or site clearance.