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Help! How Do I Work Out My Rebuild Value?

I have recently purchased my house from my local council, so now i need insurance for the house, but i am confused about my rebuild value.

The council valued my house at £65000 ,but after a discount i got it for a bit less any opinions or ideas where i can find out will be helpful.

thank you

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Rebuild value is not connected to house value

    http://calculator.bcis.co.uk/ ( which needs measurements ) which also links to leaflet - which might give more of a guide to examples

    http://abi.bcis.co.uk/leaflet/Leaflet2005.pdf

    - although obviously there's room for error as each property is different , did you have a mortgage valuation its sometimes listed there ?

    other ways - pay for a surevyor to calculate

    OR

    go for one of the many insurance policies that do not require this information ( unlimited or .. upto £200/ £300K/£500K provided)
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • robnye
    robnye Posts: 5,411 Forumite
    Part of the Furniture Combo Breaker
    as mentioned above....

    my insurance policy has a blanket cover..... ie it will pay out what needs tobe paid to have the house rebuilt up to a maximum......
    smile --- it makes people wonder what you are up to.... ;) :cool:
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