The importance of Building Reinstatement Cost Assessments (BRCAs)

When it comes to property insurance, many owners unknowingly face the risk of being underinsured. Without an accurate understanding of your building's reinstatement cost, you could be left exposed to financial gaps in the event of a claim. That’s where Building Reinstatement Cost Assessments (BRCAs) come in - a vital tool to safeguard your assets and ensure your insurance provides the protection you need. 

What is a BRCA? 

A Building Reinstatement Cost Assessment determines the cost of rebuilding a property from scratch, factoring in demolition, debris removal, and professional fees. It’s not about market value; it’s about calculating the true cost to reinstate your building in the event of damage or destruction. 

Why are BRCAs important? 

1. Avoid under insurance: Around 80% of UK properties are underinsured, meaning many policies won’t fully cover rebuilding costs. This leaves property owners to cover the shortfall. 

2. Prevent over insurance: On the flip side, overestimating costs leads to unnecessarily high premiums. A BRCA ensures you’re insured for the right amount. 

3. Stay Compliant: Insurance policies often require up-to-date reinstatement values, particularly for commercial properties. Regular BRCAs help you stay compliant with policy terms. 

Who Needs a BRCA? 

Whether you own, lease, or manage commercial, residential, or mixed-use properties, a BRCA is crucial. It’s particularly important for: 

• Commercial landlords 

• Property management companies 

• Businesses with multi-site operations 

• Housing associations 

How often should you conduct a BRCA? 

Industry guidelines recommend updating BRCAs every three years, or sooner if significant changes are made to the property, such as renovations or extensions. 

Why Choose Anderton Gables? 

At AG, we provide reliable and thorough BRCAs, tailored to your property. Our team uses industry-standard tools and expertise to ensure accuracy, leaving you confident in your insurance cover. We also highlight potential risks and areas for improvement, so you can proactively protect your assets. 

Protect Your Assets

Don’t leave your property insurance to chance. With Anderton Gables’ expert BRCA services, you can rest assured that your assets are fully covered. Let’s make sure your insurance works as hard as your property does. 

Ready to assess your building’s reinstatement cost?

Contact us today to learn more about our BRCA services.