Reinstatement Cost Assessments

Edward Symmons' specialist valuations team was further strengthened by the acquisition of John Foord & Co in 2005. Reinstatement Cost Assessments for fire insurance purposes of buildings and plant & machinery are undertaken internationally and our advice has been retained for risks as diverse as the Sydney Opera House to the North Peruvian Pipeline.

Our surveyors have experience of Reinstatement Cost Assessments in a very wide range of industries and are fully conversant with policy requirements in relation to determining values at risk.

We provide advice in this sector to owners of industrial and commercial facilities, insurance brokers and risk consultants. We act for many global corporations and offer innovative systems to meet client requirements. Most notably this includes PROP (Property Reinstatement Objective Profiling), a unique system which is derived from a statistical Reinstatement Cost database, which enables us to plot estimates of Reinstatement Cost of plant & machinery and buildings. This provides those concerned with insurance with an alert mechanism as to the accuracy of sums insured at a fraction of the cost that would otherwise be incurred for conventional surveys.

Our insurance publication "Against All Odds" provides a comprehensive guide to all the basics of fire insurance and explains, in a clear and concise way, the issues relating to fire insurance; it has been written with the collaboration of Mel Walmsley, the author of many standard text books on the subject of fire insurance.

For further information please contact:

E: Mike Havis
T: 0113 380 1592