There seems to be a lot of confusion between these two terms. We even hear them being used interchangeably- but they’re very different figures, used for very different purposes.
Browsing: Reinstatement Cost Assessment
This article will explore the potential legal and financial implications that can arise if a property is damaged beyond repair.
The overall condition of a block, along with its planned maintenance and inspection schedule, play a crucial role in determining the coverage and premium of the required buildings insurance policy.
Here we’ll be discussing why, and how, to avoid the pitfalls of securing appropriate insurance coverage for your block.
With mixed-use developments, it’s vital to understand the effect any commercial units will have on the building’s overall insurance.
When you hear the term ‘reinstatement cost assessment’ most people only consider underinsurance, but what about overinsurance?
The role of Property Manager or Residents’ Management Company (RMC) Director is a varied one,…
With policy renewal season just round the corner, we thought a reminder of the factors that influence your insurance premiums may be a good idea.
With a squeeze on budgets and the need to keep service charges to a minimum for struggling residents, property managers may well be considering their options for reducing this large expense.
Read on to find out how you can make sure you’re not paying over the odds, without underinsuring the building and putting anyone at risk.
Wanting to lower costs, one area to cut back on is the cost of reinstatement cost assessments – hence rise in popularity of ‘desktop’ RCAs.
It’s your responsibility to choose an accurate, full coverage policy that will pay out correctly should the worst happen.