insurance related services

FIRE INSURANCE VALUATIONS FOR REINSTATEMENT PURPOSES

A re-build valuation figure is assessed for insurance purposes, this covers the possible total loss and subsequent reinstatement cost should an insured peril occur. A reinstatement valuation will include build cost, inflation, access difficulties, demolition costs and professional fees.

RM Consulting maintains an extensive database of property information, together with published information which is used to calculate reinstatement valuations for insurance purposes.

As part of this service, detailed site and desktop assessments would be made.

INSURANCE REINSTATEMENT CONTRACT WORKS

At all times, close communication is maintained with the Loss Adjuster and Insured Party to ensure that the entire reinstatement process is progressed swiftly and efficiently.

RM Consulting have a longstanding background in the Insurance Reinstatement market, with our building surveying professionals acting as Contract Administrator for domestic and commercial losses, with contract values ranging up to £2.5million.

ASSESSMENT OF COSTS ASSOCIATED WITH CLAIM SETTLEMENTS

Subsequent to the occurrence of an insurable peril, it is not uncommon for Loss Adjusters to provide a financial settlement to the party that has suffered the loss.

This settlement figure is determined through a detailed cost analysis process and typically involves surveying staff in a degree of negotiation with similar professional parties.