Most insurance policies require that the sum assured is the full rebuilding cost of the property. It is the responsibility of the insured to get this figure right.
Rebuilding costs are not the same as a market valuation as they reflect the actual cost of rebuilding rather than the value of the building. In many cases the rebuild cost for older properties can be greater than the market value.
Our calculations will take into account the age, nature of building construction, and any adaptations that have been carried out to the structure.
For historic and listed buildings there is the added requirement to replace like for like. This allows for the property to be rebuilt exactly in its original style to comply with Local Authority and perhaps Listed Building status or requirements.