Building Reinstatement Cost Assessment (BCIS)
Purpose of the Service
A professional assessment of the property’s rebuilding cost for insurance purposes. Using industry-recognised Building Cost Information Service (BCIS) data, we calculate the likely cost of rebuilding the property from the ground up following total loss. The assessment takes account of the property’s size, construction, age, and location to provide an informed estimate of its reinstatement value. Regional differences in labour rates, contractor availability, material transport costs, and local building costs are reflected in the calculation, helping to provide a more accurate insurance figure.
Key Benefits
- Based on industry-recognised BCIS rebuilding cost data
- Helps ensure adequate buildings insurance cover
- Reduces the risk of underinsurance and claim shortfalls
- Takes account of property size, age, construction, and location
- Includes demolition, site clearance, and professional fees
- Suitable for homeowners, landlords, and property investors
- Provides confidence that insurance cover reflects current rebuilding costs
