Are you paying too much for buildings insurance - or worse, are you underinsured?
An insurance reinstatement valuation (also known as a reinstatement cost assessment or building sum insured) is the only way to ensure your coverage is accurate, and refers to the amount it would cost to rebuild the entire building from scratch in the event of catastrophic damage. It assumes a total loss scenario and therefore includes costs of;
In order to provide insurance coverage for the premises, almost all insurance providers will require an insurance reinstatement valuation to be carried out by a qualified professional. Calculating the reinstatement cost of a building is a highly technical and complex process, but accuracy is vital to;
Our valuations use the most up to date data provided by the Royal Institution of Chartered Surveyors Building Cost Information Service.
A full report is provided giving a summary of reinstatement cost for insurance reinstatement purposes only but does not contain
any advice concerning the condition of the property or possible defects therein.
Andrew carried out a house valuation for us and I honestly couldn't be happier with the service. They were very flexible on timing, turned it around way quicker than I had even hoped and it was a very personal service - really happy and will recommend to others! Thanks again
Andrew and Sandrine were very good at communicating and getting my survey done quickly. Comparables were fair and varied
Friendly and professional
A thorough and professional service.
Andrew surveyed my property yesterday morning. He was punctual, professional and friendly, with excellent communication skills. He was also informative, answering all of my questions, and I have already received the survey report this morning. I highly recommend Lockwood Chartered Surveyors.
Copyright Lockwood Surveyors Ltd 2026. Regulated by RICS | Lockwood Chartered Surveyors is the trading name for Lockwood Surveyors Ltd (Company No. 15564043) | Registered in England: Anglia House, 6 Central Avenue, Norwich, Norfolk, NR7 0HR.
Andrew at Lockwood was superb from start to finish. Firstly I got quoted absolutely mega bucks by a national surveyor company to perform a grade 3 survey who were based in Manchester so I rang Winkworth who I was purchasing a property from and they recommended Lockwood and also Gilson Bailey confirmed to me they were highly regarded as one of the best in and around Norwich. Within 5mins of ringing they sent me a quote which was over half the price I’d originally be quoted so obviously I took the plunge.
The survey was very in depth and super informative. Andrew sent a drone above the house to notice the roof basically needed a complete renovation removing all old tiles and replacing for new, fix chimneys, felt & lead flashing etc which I knew was going to cost thousands.
I got prices in from local roofing companies which were around the £20k mark. I then managed to renegotiate my purchase price with the seller and they agreed to take the full amount off. So Lockwood basically saved me £20k!!!