Insurance and Reinstatement Cost Valuation
Insurance works on what it would cost to rebuild, not what the property would sell for. Get that number wrong and you are either paying too much every year or you are badly underinsured.
- Working since 1995
- Government approved valuer
- ISO 9001 certified
- Reports in 48 to 72 hours
- Trusted by 800 plus chartered accountants, CPAs and lawyers
Rebuilding cost is not market value
This is the idea that trips people up. If your house would sell for two crore rupees, a large part of that price is the land it stands on. Land does not burn down.
What insurance covers is the building. So the figure that matters is what it would cost to build that same structure again today, at today's material and labour rates. That number is usually much lower than the sale price, and occasionally higher for an unusual building.
Why underinsurance hurts at the worst moment
Say your building would cost one crore to rebuild but you insured it for fifty lakh. You might assume a fifty lakh claim would be paid in full. Often it is not. Many policies reduce the payout in proportion to how much you underinsured. A partial claim can be cut roughly in half.
People discover this after a fire, which is the worst possible time. A proper valuation at the start avoids it.
What we do
- Measure the built up area accurately, floor by floor
- Record the type of construction, since a load bearing structure and a framed structure cost very different amounts to rebuild
- Apply current construction rates for that class of building
- Account for age and condition where the policy is on a depreciated basis
- Give you a figure you can hand straight to the insurer
At claim time
If you have suffered a loss, we can assess the damage and what it will cost to put right. An independent assessment gives you something solid to put in front of the insurer rather than accepting the first number offered.
Questions people ask us
- Why is the insurance value lower than the market value?
Because insurance covers the building, not the land underneath it. Land is often the larger part of a property's price, and it cannot be destroyed.
- How often should this be redone?
Every three to five years is sensible, because construction costs move. Also redo it after any major extension.
- Does this cover what is inside the building?
The building valuation covers the structure. Machinery and equipment are valued separately. More on that.
- The insurer sent their own surveyor. Why would I need you?
The insurer's surveyor works for the insurer. An independent valuation gives you your own basis for discussion. Both can exist and often should.
Checked by Parish Rao, Chartered Engineer and Government Approved Valuer.
Page last checked on 23 August 2026.
If the property is in Delhi, see our Delhi page.
Get a free call back
Leave your number and we will call you back. We will tell you which report you need and what it costs, free of charge.
In a hurry? Call +91 98681 69747 instead.