Insurance valuations for managing agents.
Stay compliant and protect the properties you manage. A RICS building reinstatement valuation your insurers will accept, BCIS‑indexed, fully documented, and typically delivered within 48 hours.
The basics
Why managing agents rely on an accurate building reinstatement valuation.
When you manage buildings for other people, the insurance has to be right, and a building reinstatement valuation is how you show it is. It’s the cost of rebuilding a property from scratch, and it’s not what the building would sell for.
Most policies apply a condition of average, so one underinsured building can see its claim cut and the shortfall land on leaseholders. A regular programme of RICS‑regulated, BCIS‑indexed assessments keeps a portfolio accurate and defensible, see our guide to the top risks of underinsurance for managing agents.
Common challenges
Where portfolio cover slips out of step.
An estimated 76% of UK buildings are underinsured (Insurance Age), and a portfolio index‑linked on autopilot drifts further from its true rebuild cost each year, exposing the agents who manage it to proportional claim cuts and duty‑of‑care questions.
Outdated portfolio figures
Keeping an accurate figure on every building in a portfolio is difficult, and any gaps become the managing agent’s exposure. A rolling review programme keeps each sum insured current and defensible.
Index‑linking misses local costs
National index‑linking misses regional variation in labour and material costs, so a blanket adjustment can leave individual buildings under‑insured. Periodic reassessment corrects that drift across the portfolio.
Liability at claim
If an underinsured property suffers a major loss, questions follow about whether the sum insured was kept adequate. A documented review programme evidences a managing agent’s duty of care.
How we help
One accurate figure for every building.
Consolidated portfolio reports
One report, with a rebuild figure per property.
RICS‑regulated and insurer accepted
BCIS‑indexed figures accepted without challenge.
A named surveyor throughout
One point of contact from instruction to delivery.
Recommended for you
The right assessment for managing agents.
Best fit · 3‑year protection
3‑year RICS protection plan
Managing a portfolio means keeping many figures accurate at once. The 3‑year protection plan does the heavy lifting: a full RICS assessment now, then automatic indexed updates each year, so nothing across the portfolio slips out of date between renewals.
- event_repeatKeeps every property compliant without re‑instructing each year.
- trending_upAutomatic BCIS‑indexed annual updates track rising costs.
- summarizeOne defensible figure per building, ready for every renewal.
Frequently Asked Questions.
Common questions about building reinstatement valuations and reinstatement cost assessments across managed portfolios.
What is a building reinstatement valuation?
A building reinstatement valuation is a professional, RICS‑regulated calculation of the full cost of rebuilding a property from scratch, the figure the buildings insurance sum insured should be based on. A building reinstatement valuation covers demolition, debris removal, professional fees, and compliance with current building regulations, and it is deliberately different from a property’s market value.
What is an insurance reinstatement valuation for managing agents?
It is a professional, RICS‑regulated calculation of the full rebuild cost of each property in a managed portfolio, the figure the buildings insurance sum insured should be based on. It covers demolition, debris removal, professional fees, and compliance with current building regulations, and it is deliberately different from a property’s market value.
Why should managing agents commission assessments across a portfolio?
Managing agents place buildings insurance on behalf of freeholders and leaseholders, so an inaccurate sum insured is a direct exposure. Most policies contain a condition of average, which means an underinsured building can have any claim reduced in proportion to the shortfall. Keeping accurate, current RICS‑regulated valuations across the portfolio protects clients, reduces disputes, and supports good management practice.
How does underinsurance create liability for managing agents?
If a building is underinsured and a major claim is settled short under a condition of average, leaseholders can face significant unexpected costs, and questions naturally follow about whether the sum insured was kept adequate. A programme of regular RICS‑regulated reinstatement cost assessments demonstrates that reasonable steps were taken to keep valuations accurate.
How often should portfolio valuations be reviewed?
RICS guidance recommends a full reinstatement cost assessment at least every three years for each property, with index‑linking applied in the years in between. Given recent construction‑cost inflation, relying on index‑linking alone for longer can leave a material underinsurance gap.
Can you handle assessments across a large portfolio?
Yes. We carry out RICS‑regulated, BCIS‑indexed assessments across multiple properties, using desktop assessments for standard buildings and on‑site surveys where complexity or value requires it, so an entire portfolio can be brought up to date efficiently.
Are the reports accepted by insurers?
Yes. Every report is RICS‑regulated and BCIS‑indexed, and is prepared to be broker‑ready and accepted by UK insurers as evidence of an accurate sum insured at renewal.