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? 

Using a price comparison site and a rebuild value of £600,000, the suggested premium is £120/pa. That’s sounds too cheap!?

It’s so subjective 

One company told me my valuation was to high another to low 

 

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. 

Just renewed ours with the AA at £125 pa.