Commercial Valuations


At Steren Surveyors we specialise in insurance valuations for a wide range of commercial properties, providing accurate Reinstatement Cost Assessments (RCA).

An accurate Reinstatement Cost Assessment, otherwise known as a Bricks and Mortar RICS Redbook Valuation is crucial to any business as it is used to calculate the repair, reconstruct or renewal of a business premises to a condition equal to, but not better than, when the building was new.

This type of valuation is important to ensure that a correct insurance policy of a business premises is implemented, which includes Hotels, B&B’s, Pubs, Restaurants and Guest Houses. This is to prevent the risk of being under-insured, which can lead to the insurance provider having the right to invoke the Condition of Average Clause where the total claim is reduced proportionally to the value of under-insurance. This could result in the policy holder being liable to pay the shortfall in costs.


To ensure all Reinstatement Cost Assessments are accurate, we offer a bespoke service to every client, which includes thorough desktop research, a site visit to methodically inspect the premises and utilising a range of valuation methodologies. After which this will then be compiled into a detailed and easy to read Royal Institute of Chartered Surveyors’ compliant Valuation report.

With over 25 years of experience within Cornwall’s property industry, we can provide our clients with highly accurate insurance valuations, executed with high standards of professionalism.


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