APPRAISALS ARUBA · BONAIRE · CURAÇAO
Insurance Reinstatement Value Appraisal
by a Registered Valuer (RT)
Make sure your property is insured for the right amount. We determine what it would cost to rebuild your home or business premises on the same site, with the same specifications.
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What is reinstatement value?
Reinstatement value is the amount needed to rebuild your house or business premises on the same site with the same specifications if it is completely lost, for example due to fire or another disaster.
It covers only the construction costs, not the land value. That makes it different from the market value, where location and land are included.
RECOGNISE YOUR SITUATION
When do you need a reinstatement value appraisal?
In these situations clients ask us to determine the reinstatement value.
New insurance policy
Insure your property for the right amount from day one, not too high and not too low.
Prevent underinsurance
If the insured amount is too low, an insurer may pay out only part of the damage.
Avoid paying too much premium
An insured amount that is too high means you pay more premium than necessary.
Mortgage requirement
Banks often require a reinstatement value as part of the financing.
After renovation or extension
Renovations and extensions change the rebuilding costs. Update your insured amount.
Periodic update
Building costs change over time. A regular update keeps your coverage correct.
THE END RESULT
What you receive
A complete digital report in PDF that you can share directly with your insurer or bank.
OUR METHOD
How we determine reinstatement value
We do not rely on standard estimates only, but look at your specific building.
Measurement and inspection
We record floor areas, construction method, materials and level of finishing on site.
Current building costs
We calculate the costs of rebuilding with current local prices for labour and materials.
Additional costs
Where relevant we include demolition, clearing the site and fees for architects and permits.
Reinstatement value is not the same as market value
Market value is what a buyer would pay for your property including the land. Reinstatement value is only about rebuilding. Need both? We can combine them in one report.
IN 5 STEPS
From request to report
Request
Choose the property type and location and request your appraisal.
Schedule the inspection
We confirm a date and time that suits you.
Measure and collect data
We measure the buildings and gather the relevant data.
Invoice
You receive the invoice; payment before delivery of the report.
Receive your report
Within 5 working days* digitally in your mailbox.
What does a reinstatement value appraisal cost?
Fixed fees, no hidden costs. The price depends on the value of the property. You receive a fixed quote in advance.
from
USD 599
Property value under USD 1 million
YOUR APPRAISER
Luite Berkenbosch RT
Every appraisal is carried out personally by Luite Berkenbosch, an independent Registered Valuer working on Aruba, Bonaire and Curaçao.
REVIEWS
What our clients say
★★★★★
“Sinne Valuations is a reliable factor in our developments. For ourselves but also towards banks and our clients. Luite responds very quickly and professionally. With a very comprehensive report.”
Willem van Dijk, Investor★★★★★
“Requested the valuation at the end of the week, completed the valuation on Monday, and received the report right away. Fast, excellent service!”
Ingeborg van Kempen★★★★★
“I had an outstanding experience working with Sinne Valuation. Communication was clear, responsive, and professional, and they even delivered the full valuation report quicker than expected.”
Damian H.FREQUENTLY ASKED QUESTIONS
Good to know
Does reinstatement value include the land?
No. Reinstatement value covers only the costs of rebuilding, not the value of the land.
How often should I update the reinstatement value?
Whenever you renovate or extend, and periodically because building costs change over time.
Will my insurer accept your report?
Our reports are prepared by an independent Registered Valuer and are used by banks and insurers on the islands.
Can you combine it with a market value appraisal?
Yes. For commercial real estate on Aruba the reinstatement value is included; in other cases we are happy to combine both.
OTHER APPRAISAL SERVICES
Looking for something else?
Market Value Appraisal
What is your property worth in a free market? For sale, purchase or mortgage.
Business Valuation
Independent valuation of your company for a sale, merger or acquisition.
Redevelopment Appraisal
Assess the potential of renovation, extension or conversion.
Construction Progress Reports
Progress of your construction project for your bank and financier.
Is your property insured for the right amount?
Request a free, no-obligation quote. We will let you know what it costs and when we can visit.
* Unless agreed otherwise.