Don’t gamble with CPI and general cost guides for adequate insurance cover!
Relying solely on Consumer Price Index (CPI) changes to form the basis of your building insurance cover could leave you under insured and vulnerable. Why? Building costs fluctuate independently of CPI, making this approach unreliable. Also using broad cost guides doesn’t accurately capture the unique factors affecting construction costs and asset value, such as asset type and location.
As experienced Quantity Surveyors, Napier & Blakeley stands apart as trusted industry providers. We have appropriate Professional Indemnity insurance to support the provision of advice around Reinstatement Cost Assessments and with nearly four decades of leadership, we offer: Continue reading
Property Reinstatement Cost Assessments – Are your property assets correctly insured ?
Construction costs are subject to constant change, so if you are insured are you confident that you are not either under or over insured in a changing cost market?
Quantity Surveyors are the only construction cost trained professionals that can make sure your assets have the appropriate insurance replacement cost cover.
A Quantity Surveyors purpose is to predict and manage construction costs. They are specifically trained to do so and they don’t value, they don’t build, they don’t design, they don’t buy and sell property. They are independent and professional consultants.
So here’s a quick list of Property Reinstatement Cost Assessments do’s and don’ts : Continue reading
