Silverstone completed a series of Reinstatement Cost Assessments (RCA’s) on behalf of Theakston Estates in order to provide accurate valuations of the properties within their extensive portfolio for insurance purposes.
A total of 16 properties were surveyed throughout the North East including office and retail premises and multiple listed/historic buildings, many of which were within Durham city centre. A detailed assessment report was provided for each individual property with a reinstatement value.
An RCA provides a professional assessment of the costs associated with reinstating a property or site in the event of a disaster such as a fire. The insurance premium is based upon this figure. While it's important not be under insured for obvious reasons, it's equally important not to be over insured as this will lead to the payment of unnecessarily high premiums.
For further advice on Reinstatement Cost Assessments contact us today on 0191 231 4263.