Reinstatement value

The reinstatement value means:

"the sum needed for the reconstruction of the insured buildings – on the same location and equivalent in terms of construction and lay-out – immediately after the occurrence". 

This includes the architect’s and consultant’s fees, cost of drawing and of supervising during construction, municipal fees, etc.

Value Terms

Insurance valuations glossary

Functional replacement value

Insurance valuations glossary

Realizable value

Insurance valuations glossary

Demolition value