House insurance help please!

begley

This is probably a really daft question, so apologies.....:)

How do you calculate the total cost of rebuilding your home? I've searched online and used a calculator thingy, but it didn't work. I wondered if anyone had a tried and tested simple method, or if anyone could give me a ballpark figure for a 4 bed mid terraced house?

Thanks folks!
:beer:

FlameCloud

Measure the gross floor area of the main dwelling (in M2). Add this for each occupied floor, and add half of this again on for any converted attic. Depending on the qaulity of property in kettering times this by between £989-£1252 per M2. Then add on about £25,000 for an extension, £15,000 for a conservatory and £10,000 for paths and walls.

begley

Thanks ever so much!! Mrs Begley and I will grab the tape measure.......

benjaminM

If you have not already done so you could take a look at the BCIS website. This is what the insurance companies advise us to use.
See link
http://www.bcis.co.uk/site/scripts/documents_info.aspx?documentID=7&pageNumber=1

If your home is mortgaged you could contact your lender who may have a recent survey on your property.

If you are still confused about the rebuild cost and dont want to pay for a survey you could always take out a buildings policy with blanket cover or unlimited cover. There are loads available and the premiums are pretty good, off the top of my head you could try Axa, Fortis, MMA, HSBC, Privilege. These policies are very useful if you are unsure of the sum insured.

Hope the tape measure works out for you!!