Reinstatement Cost Assessment, Cambridge Arts Theatre
Cambridge Arts Theatre
Retail & Leisure
Preparation of a Reinstatement Cost Assessment for insurance purposes for a Cambridge Theatre.
Following receipt of a reinstatement cost assessment from another consultancy, the client and their insurance brokers had some concerns regarding the declared value and wanted further clarification regarding specific contents exclusions. A second opinion was therefore sought from Rapleys Building Consultancy team.
In order to provide the required clarity, Rapleys first proposed a meeting with the brokers and Theatre Directors. The basis of the valuation and specific exclusions for tenant trade fixtures and fittings agreed.
Thereafter, we completed a thorough inspection and measurement of the theatre and produced a fully itemised reinstatement cost breakdown with a clear and concise summary, of inclusions and exclusions.
All parties were provided with a detailed reinstatement cost assessment with elemental cost breakdown, together with a detailed list of exclusions providing the required clarity to fulfil the client brief.
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