Replacement Cost Assessment (RCA)

With building codes continually evolving coupled with changes in the economic climate, you can be almost guaranteed that many existing buildings cannot be rebuilt completely to their current state for the sum amount they are insured for.

When building a dwelling after an insurance claim you are required to comply with current building codes and regulations which will impact on rebuild costs.  Seeking advice from a quantity surveyor, will ensure that you have the correct level of insurance cover to replace your building to its existing state.  A Replacement Cost Assessment (RCA) is an estimate of the actual cost to rebuild the building at the time of insurance renewal.  It is recommended that this assessment be updated annually to match the current economic trends and building codes.