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How do you calculate rebuild cost of property for Insurance?


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Just as it says in the title.

 

Insurance is up for renewal and the online quote asks for rebuild cost!

 

I looked at Direct Line landlords insurance, it seems to be 50% cheaper than what I already have.

 

Can any landlord recommend someone they use that might be even more competitive.

 

Thanks.

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Not all buildings insurance is done by rebuilding costs. Some will do it to cover houses upto 500k. However it can still be cheaper by rebuilding costs. These are calculated by a surveyor, and once worked out will then have index linking for each following year. It would have been worked out if you have a mortgage.

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