We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
H&C insurance query
xssc32x
Posts: 81 Forumite
Hi,
Looking at H&C insurance on a new build house that I am scheduled to move into soon, and would like a little advice on what values to include.
I have a copy of the recent Mortgage Valuation Report with purchase price being £299k and the Estimate current reinstatement costs inc site clearance and professional fees being £130k. Am I correct in thinking it is this £130k figure I use in the cost of rebuilding the property field on the form or do I need to add any more onto this at this stage or should this be over the coming coming years in line with inflation?
Any help appreciated
Cheers
Si
Looking at H&C insurance on a new build house that I am scheduled to move into soon, and would like a little advice on what values to include.
I have a copy of the recent Mortgage Valuation Report with purchase price being £299k and the Estimate current reinstatement costs inc site clearance and professional fees being £130k. Am I correct in thinking it is this £130k figure I use in the cost of rebuilding the property field on the form or do I need to add any more onto this at this stage or should this be over the coming coming years in line with inflation?
Any help appreciated
Cheers
Si
0
Comments
-
Put £130K.
To be honest, most decent policies cover £500K, £1m or unlimited in this respect.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards