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james99
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Last Activity: 07-01-2018, 21:50 PM
Joined: 27-07-2015
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  • I had been expecting our rebuild valuation to also be c£1m for 5 storey London Victorian house rather than the £2m that came back from the survey. Presumably all the RICS firms follow the same guidelines / calculation models when arriving at a reinstatement cost so there should be very little variation...
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  • Just to clarify the £800k is the rebuild value currently used for our buildings Insurance based on a figure that will have been given to the insurers years ago (before I moved here hence I don’t know how it was sourced eg whether from a survey or someone guessing etc) increased by an inflation amount...
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  • So...had the reinstatement cost / rebuild cost survey done and the figure is £2m! Was a lot higher than I expected even acknowledging that the ABI calculator is only a guide and the pro rata estimate I noted earlier in this thread is not directly comparable....
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