It is of course imperative that any building is insured for the correct re-statement figure.

 

In essence this entails an assessment of costs for reconstructing the premises to its current specification, taking into account up-to-date building costs.

 

These can be subject to quite considerable fluctuation as the cost of skilled labour continues to increase. Moreover special emphasis needs to be placed on any unusual elements of the construction. If the building benefits from specialist fittings these too must be factored into the insurance calculation.

Mike Stapleton & Co Chartered Surveyors will be delighted to assist you with our specialist knowledge of valuation principles for insurance purposes. We can be reached from 9am to 7pm on 01702 562072, Monday to Friday. If you would prefer to e-mail your query, This e-mail address is being protected from spambots. You need JavaScript enabled to view it .