Reinstatement Cost Assessment - (RCA)
Severe problems can arise due to lack of adequate insurance cover. RCAs are generally made on the basis of total loss, or of such substantial damage that the entire building will require demolition and rebuilding.
An RCA is usually a requirement of your buildings insurance and Policy Holders are advised to re-assess the sums insured, with an annual adjustment to reflect inflationary effects and a major review and reassessment every three years or whenever any extensions or significant alterations are made to the insured property.
The duty is now placed on the policy holder to assess the value of the sum insured. Easton Bevins is able to undertake RCAs for insurance purposes. To meet a high standard of professional competence and best practice, the RICS Practice Standards for the Reinstatement Cost Assessment of buildings is followed.