Underinsurance is a silent threat. Regular RCAs from a professional, RICS-regulated provider are your best defence.
Browsing: Reinstatement Cost Assessment
Central to the leasehold reform debate is the role of property valuations, which underpin the cost of key transactions such as lease extensions and collective enfranchisement (where leaseholders purchase their building’s freehold).
Choosing between a desktop and onsite reinstatement cost assessment is about more than convenience. It is about protecting your block, fulfilling your legal obligations, and ensuring financial peace of mind.
Stay ahead with timely surveys, professional advice, and a solid understanding of when to act. It is the best way to protect your leaseholders, your building, and your peace of mind.
If your block’s reinstatement cost assessment (RCA) or insurance valuation has not been updated in the last few years, it may no longer reflect current rebuild costs.
Insurance should be a safety net, not a gamble. Make sure your policy is built on solid foundations, not outdated assumptions.
For Residents’ Management Companies, Right to Manage companies, and freeholders, the obligation to insure a leasehold property correctly is a legal duty.
These are the biggest recurring tasks that you need to be aware of that might be due for your building this year.
Throughout 2024, BCH Ltd has observed continued pressure on the flats market, with leaseholders facing rising costs in most areas.
Find out more about reinstatement cost assessments, how to make sure yours is correct, and how they’re utilised by the insurance industry.