Triassic Posted February 10, 2022 Share Posted February 10, 2022 It’s time to renew the insurance for the building and the question of rebuild value has come up.. last year I used the RICS rebuild calculator, so logged on again this year, to be told the rebuild cost is the same as last year! Yet I read in the press that material costs are surging and materials and Labour are in short supply. Then there’s the National Park premium to account for! So the question is, how do I get to a realistic rebuild value? Link to comment Share on other sites More sharing options...
Triassic Posted February 10, 2022 Author Share Posted February 10, 2022 Using a price comparison site and a rebuild value of £600,000, the suggested premium is £120/pa. That’s sounds too cheap!? Link to comment Share on other sites More sharing options...
nod Posted February 10, 2022 Share Posted February 10, 2022 It’s so subjective One company told me my valuation was to high another to low Link to comment Share on other sites More sharing options...
PeterW Posted February 10, 2022 Share Posted February 10, 2022 We have unlimited rebuild value on ours and it’s around £135pa - a full rebuild is only normally needed for a catastrophic event and they rarely happen so the risk is low and the subsequent premium is low. Link to comment Share on other sites More sharing options...
Temp Posted February 10, 2022 Share Posted February 10, 2022 Just renewed ours with the AA at £125 pa. Link to comment Share on other sites More sharing options...
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