Contact Our RCAs and Insurance Services Team

London Office
Earl Kendrick
Ground Floor, 9-11 Grosvenor Gardens
London SW1W 0BD

T: +44 (0) 20 3667 1510
enquiries@earlkendrick.com

About EKA RCAs and Insurance Services

That’s where we come in.

Earl Kendrick offers timely, cost-effective and above all expert help with Reinstatement Cost Assessments for the residential and commercial property sectors.

Our director James Paul is a chartered building surveyor with a proven track record in insurance and Reinstatement Cost Assessments. He and his team have developed tried and tested procedures to give clients accurate and reliable reports so that the sum insured can be correctly communicated to insurers.

The Earl Kendrick RCA service combines the benefits of specialisation in this core service with the wider experience that comes from a long established building surveying practice. This means clients can enjoy peace of mind, secure in the knowledge that their properties are accurately and reliably insured thanks to our expert oversight.

James Paul
Equity Partner - EKA London

MRICS

  • Reinstatement Cost Assessments
  • Advice on fire upgrade works
  • Assessment of storm, flood and subsidence risk
  • Damage inspection and diagnosis, and advice on repairs
  • Preparation of repair specifications, implementation of remedial works and management of the project to completion
  • Liaison with insurers, statutory bodies etc.
  • Independent advice in the event of a dispute with insurers.

About Reinstatement Cost Assessments

An RCA provides essential information for property owners and occupiers, as it will determine the amount for which a property is insured. If the figure is too high, the insurance premiums will too be unnecessarily high. If too low, the property owner may have to make up the difference between the amount insured for and the actual cost of rebuilding, should a total loss result. In fact, insurers can reject claims altogether if the amount insured for falls badly short of the actual cost of reinstatement in the event of a claim.

An accurate Reinstatement Cost Assessment is also important for insurance claims for repairs. Most insurance policies specify that in the case of undervaluation by more than ten percent, the insurer will not cover the full cost of any repairs. The Association of British Insurers advise that 20% of householders are under-insured and one study has put the figure at as high as 80%.

Earl Kendrick work with all types of buildings, from single houses to residential blocks and commercial properties. This means we bring a range of building surveying expertise to bear, rather than looking at RCAs in isolation. Every building is unique, so a good RCA will take into account the peculiarities of the property in question. We base our assessments on careful analysis of each element, rather than using simple indicative tables, which can often result in misleading assessments. There is a particular danger of under-valuation with period buildings and conversions, and we have particular experience of working with Listed Buildings.

We recommend RCAs are reviewed regularly to ensure they are still accurate, taking into account the changing costs of materials and other developments in the building trade. Best practice (the RICS) recommends that a full reassessment is undertaken at least every three years. Unlike some other firms that only provide Reinstatement Cost Assessments, Earl Kendrick provides a full range of related design and technical building surveying services.

We understand that there are particular challenges with period buildings. These are both practical — e.g. older buildings tend to be built from distinctive materials, and the extra cost must be factored in — and legal, as if a building is Listed, the terms of restoration will have to be discussed with the local planning authority. A good RCA will take all of these factors and more into account, and provides a property owner with genuine peace of mind.

What is the point of an RCA?

An RCA provides essential information for property owners and occupiers, as it will determine the amount for which the property is insured. If the figure is too high, the insurance premiums will be unnecessarily high. If it is too low, the property owner may have to make up the difference between the amount insured for and the actual cost of rebuilding. In fact, insurers can reject claims altogether if the amount insured for falls badly short of the actual cost.

An accurate Reinstatement Cost Assessment is also important for lower value insurance claims, not just for rebuilding from scratch. Depending on the insurance policy, any pay-out for insurance claim repairs will be made in the same ratio to the amount of so-called ‘under-insurance’. For example, if the property is insured for half of the amount it needs to be insured for, the pay-out from a claim may only cover half of the reinstatement cost – the other half falling to the freeholder to pay which may well be passed on to the leaseholders. Clearly, then, an accurate RCA is essential if an insurance policy is to provide genuine peace of mind, and protect a property owner from devastating unexpected costs.

Assessing and Managing Reinstatement Works

At Earl Kendrick, we provide RCAs for a variety of building types, and specialise in residential blocks. Because we also provide a full range of related design and technical building surveying services, we are well placed to manage reinstatement works in the event these are required. This includes assessing damage, liaising with the loss adjuster, other claims administrators, the insurers and contractors, specifying the works required and project managing the reinstatement itself.

When appointed on behalf of insurers to assess the damage and coordinate the repairs in a building for which we undertook the RCA itself, we are clearly at an advantage. At each stage we benefit from our previous knowledge of the building and are able, efficiently, to implement the actual repairs and see them through to completion.

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