Valuations Based on Reinstatement Value
When insuring real estate, the reinstatement value is of critical importance. This value represents the amount required to rebuild a property – in the event of total loss – in the same condition, style, and size. It is not the market value, but rather a technically and financially substantiated estimate of the actual reconstruction costs.
At IWD, we perform these valuations with the utmost care. Our assessment includes an analysis of the building’s structure, materials used, level of finish, technical installations, and architectural features. We also take into account associated costs such as demolition, site clearance, permits, and any additional requirements imposed by authorities or heritage regulations.
An accurate reinstatement value ensures that your property is adequately insured, preventing underinsurance and providing coverage that truly reflects the real cost of rebuilding. In this way, your assets remain protected – even when the unexpected occurs.