House Insurance

[Oleanda]

I am trying to fill in an online form to find the cheapest house insurance (at moneysupermarket.com) and they want to know how much it would cost to re-build my house. They say this info can be found in a Valuation Certificate issued when we bought the house, but I can find no such document, and even if I could, surely the figure would be rather out of date as we bought the house in 1987?

[cheyenne]

I think most good firms would offer Cover in the region of �500,000 anyway,Mine does!!

[Sammy Snake]

And if they know what the valuation when you bought it, they probably have ways and means of working out how much prices have increased since then and can work out an upto date figure themselves.

Don't know about a valuation certificate though, I bought my house just over 12 months ago and I didn't have one.  I had a letter from my lenders advising what they had valued the property at but this was within a letter, not a certificate.

[Hammer]

The rebuilding value is not the same as the market value. For info, I bought my house 2 yrs ago for around �180k, and the rebuilding value was around �100k.

[hectic]

I work in this field and what we generally advise people is to make the rebuild cost about �30,000 below the purchase value as obviously there will be other factors in the purchase price as to location, plot of land etc