Outsource Partners | Koste Chartered Quantity Surveyors

Reinstatement
Cost Assessments

Accurate Insurance Valuations by Chartered Quantity Surveyors

Get Accurate Reinstatement Cost Assessments from Australia’s Leading Chartered Quantity Surveyors

Ensure your property is insured at its true value. Our experts deliver detailed Reinstatement Cost Assessments (RCAs) to protect you from underinsurance or inflated premiums.

Request a FREE quote today


Why Choose Koste Chartered Quantity Surveyors?

Certified Chartered Experts

Koste is certified by AIQS and chartered by RICS, ensuring the highest standards of accuracy and professionalism in our reports. These qualifications guarantee that our Reinstatement Cost Assessments are recognised by insurers and meet Australian regulatory requirements.

Cutting-Edge Technology

Koste uses the latest technology and software to deliver fast and precise reports, integrating real-time data on construction and rebuilding costs.

Thousands of Reports Annually

Our reports are backed by Professional Indemnity Insurance, offering you added peace of mind in case of any discrepancies.

Fully Insured Reports

Our reports are backed by Professional Indemnity Insurance, offering you added peace of mind in case of any discrepancies.

Why You Need a Reinstatement Cost Assessment

Avoid Underinsurance

Underinsurance is a common issue that can leave property owners facing major out-of-pocket expenses in the event of a claim. Our assessments ensure your property is adequately covered to prevent shortfalls.

Avoid Overpaying for Insurance

Overinsuring your property leads to inflated premiums. We provide accurate rebuilding costs, ensuring you only pay for the coverage you actually need.

AIQS-Approved Practices

Our assessments follow AIQS guidelines, ensuring compliance with Australian standards and providing you with reliable valuations that meet insurer requirements.

Protect Your Property with an Accurate Insurance Valuation

Get a FREE quote today

What’s Included in Our Reports

Our comprehensive RCA reports include:

1

Building Structure and Services: Full assessment of materials and structural components to determine rebuilding costs.

2

Demolition and Site Clearance Costs: Consideration of removal and demolition expenses.

3

Professional Fees: Calculation of necessary fees for architects, engineers, and other professionals involved in the rebuilding process.

4

Escalation for Inflation: Account for future construction cost increases, ensuring your policy covers inflationary factors.

The Simple Process of Getting an RCA

Contact Us

Fill out our online form or give us a call to discuss your property’s requirements.

On-Site Assessment

Our surveyors will visit your property for a detailed inspection, ensuring compliance with AIQS standards.

Receive Your Report

You’ll receive a detailed, compliant RCA report ready for your insurance provider or broker.

Our Pricing

On-Site Assessments

Commercial and high-value properties will be priced based on complexity and location.

Starting from

$600+GST

(metro areas)

Desktop Assessments (Not Applicable)

Based on AIQS guidelines, Koste does not currently offer desktop assessments due to the need for full accuracy in insurance valuations.

Frequently Asked Questions

What’s the difference between a Reinstatement Cost Assessment and a market valuation?
A Reinstatement Cost Assessment (RCA) estimates the cost of rebuilding your property, including materials, labour, and compliance with current building codes. This is primarily used for insurance purposes to ensure you’re adequately covered in case of damage or destruction.

In contrast, a market valuation reflects the current selling price of the property in the real estate market, considering factors like location, demand, and comparable sales. An RCA is not related to market trends but focuses on the cost of physical replacement.

How often should I update my RCA?
It’s recommended to update your Reinstatement Cost Assessment every three to five years. However, if there have been significant changes to your property (such as renovations) or construction costs have risen sharply, an earlier update is advisable. This ensures your insurance coverage aligns with current rebuilding costs.
Do I need a Reinstatement Cost Assessment for insurance purposes?
Yes, having an accurate RCA is essential for insurance purposes. It ensures you are neither underinsured nor overinsured, providing peace of mind that your property can be rebuilt to its original standard in the event of a loss. Many insurers require an RCA to determine appropriate coverage levels.
How long does the assessment process take?
The assessment process typically takes between one to two weeks. This timeframe includes a property inspection, data analysis, and preparing a detailed report. For larger or more complex properties, the process may take slightly longer.