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Reinstatement value calculation

enidmarples Posts: 15 Forumite

4 October 2024 at 7:24PM in House buying, renting & selling

As the secretary of a residents association I am trying to arrange insurance for a courtyard parking area which is shared by the 7 houses and 4 flats all of which have their own buildings insurance. The insurance broker requires a reinstatement value. Is there a way to calculate an estimated value other than to consult a surveyor which would be expensive (we don’t collect a management fee, only recoup expenses for gardening, maintenance etc and have not previously held damage insurance due to an oversight)? TIA

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Reinstatement value calculation

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