Market insight that gives you the most appropriate insurance cover
The right level of insurance cover is fundamental - whatever your interest in property. It’s a vital part of your risk management strategy, whether you’re an owner, an investor or an occupier.
We are specialist reinstatement cost assessment (RCA) experts. We help you avoid being under-insured because it would expose you to potential losses in the event of a claim, and make sure you don’t pay too much if your property has been over-insured historically.
We are one of only a handful of businesses in the world with a team dedicated entirely to RCA’s. This team is one of the largest. Our meticulous approach has allowed us to develop the most accurate and reliable approaches to assessing reinstatement costs.
We help safeguard long term value for you by managing your reinstatement cost assessment programmes. You get all of our market experience, a single point of contact, effective delivery and reliable advice.
Main Contacts
Reinstatement Cost Assessments Services
RCA Services
Our skills lie in precision measurement and accurate reinstatement pricing.
We carry out a detailed inspection of your property and prepare an accurate cost for rebuilding. We never rely on published data or average cost benchmarks. Instead we assess each property from first principles, elemental by element, so each calculation is tailored specifically to the unique characteristics of the building. This approach is demonstrably more accurate than many others in the market and offers you the most reliable basis for getting the right cover at the right cost.
Investors
We offer a tailored programme of insurance assessment for larger investor clients. Uniquely, we liaise with their insurance brokers to agree accurate insurance returns for each insurance renewal every year, including all sales, purchases, capital expenditure projects and the tenant apportionments of declared values.
Contact: Nicola Young – Senior Director, Head of Investor Reinstatement Cost Assessments
[email protected] | +44 20 7182 3111 | +44 7702 974 888
Occupiers
We have developed what is now recognised as an industry benchmark product for corporate occupiers. We produce integrated assessments for freehold properties, for fitting out projects in leasehold properties, and content assessments for furniture and IT. Corporate portfolios can be over-insured through double counting in different policies. Our innovative approach offers real opportunities to save on premium costs.
Contact: Joe Klapprott – Director, Head of Occupier Reinstatement Cost Assessments | [email protected]
+44 20 7182 3815 | +44 7984 233 133
Developers
We work with some of the biggest office, mixed-use and logistics developers in the UK. We sit alongside quantity surveyors and project monitoring surveyors who are constantly involved with live construction. This gives us access to extensive market information, so we can always ensure our assessments reflect the most up-to-date market costs.
Contact: Nicholas Nicolaou – Director, Head of Developer Reinstatement Cost Assessments
[email protected] | +44 20 3257 6797 | +44 7585 984 752
Operational Real Estate
We have an extensive track record with specialist property and occupational real estate. Working for international hotel operators, leisure providers, race courses, many healthcare providers, residential and student residential providers, data centre companies, port authorities and many more niche sectors.
Contact: Mike Havis – Associate Director, Head of Specialist Reinstatement Cost Assessments
[email protected] | +44 20 7182 3497 | +44 7901 008 143
Plant and Equipment
Our specialist Plant and Equipment team provides insurance cost assessments and input to Red Book asset valuations of production and operating plant and equipment.
We have extensive national and international experience handling large-scale and complex assignments. You can rely on our profound industry and sector knowledge to help solve business challenges; everything from regular insurance assessments to corporate restructuring, acquisition and funding.
Insurance assessment of plant and equipment
Discrepancies in declared values are generally the result of poor asset management procedures where asset changes, exchange rate implications on imported equipment and inflationary effects are not reviewed on a regular basis.
We recommend three yearly assessments of your assets to maintain accuracy of declared values. This aims to avoid:
- under-insurance, protecting your business continuity if a loss occurs, or
- over-insurance, which results in you paying unnecessary premium
How we can help:
- Our assessments address maximum probable loss and first loss issues and includes a two-year free annual inflation monitoring exercise
- Our process is based on assessing the assets we inspect on site and researching current replacement costs
- Our service can be seamlessly tied in with our property valuation and other services, so all your requirements and liabilities are taken care of as a single solution
Contact: Mike Havis – Associate Director, Head of Specialist Reinstatement Cost Assessments | [email protected]
+44 20 7182 3497 | +44 7901 008 143
Financial valuations of plant and equipment
Many of the businesses we meet have significant shortfalls in their plant and equipment data across their portfolio, reporting these values as little as 50-70% of their true worth. These gaps can be created either by poor asset management procedures and / or old (but productive) plant being written-off to zero value.
Revaluating company assets on a regular basis is strongly recommended. This ensures correction of shortfalls to maximise your tax efficiency and protect the financial standing of your business by ensuring your business’ asset worth isn’t understated.
How we can help:
- Our valuations are provided in compliance with RICS and IVS regulations
- Our process is based on valuing the assets we inspect on site. We don’t create our values by manipulating existing asset registers and historic cost data
- Our service seamlessly ties in with our other valuation and insurance assessment services so all your requirements and liabilities are taken care of as a single solution
Contact: Paul McCann – Director, Head of Plant & Equipment | [email protected]
+44 20 7182 8182 | +44 7884 348 330
Indicative RCA’s
Indicative RCA’s for secured lending
Banks often want a high-level sense check of insurable value for property lending. This allows them to make sure there is no risk of under-insurance which could result in a pay-out shortfall following a loss.
We give them a high level, desktop calculation to compare with existing cover. If a difference exists, we may then move to a full reliance-based RCA to provide more certainty for lenders and their clients.
Contact: Neville Burton – Executive Director, Head of Reinstatement Cost Assessments | [email protected]
+44 20 7182 3094 | +44 7808 319 909
Portfolio health-checks
Some clients want a high-level view of potential exposure to under-insurance risk or to know whether there is potential for premium savings. To help them, we provide a free high-level analysis of insurance levels across the portfolio. This helps inform the client’s strategy and allows them to prioritise properties or launch a full three or four year programme of full assessments.
Contact: Neville Burton – Executive Director, Head of Reinstatement Cost Assessments | [email protected]
+44 20 7182 3094 | +44 7808 319 909