TheScullster wrote:

Hi all

Just an observation that may be of interest.
In the process of trying to renew house insurance.
Rang the current company - Barclays.
If I accept their valuation on re-build cost, in my case £181000, then they
will actually cover upto £500000 worth of costs.
If I ring them and tell them that I specifically want the re-build cost to
be £181000, then I will pay the same premium, but they will not extend the
cover should there be a shortfall.

WTF?

There are more potential costs than bricks, mortar, joists and manpower
etc. How about putting up you and yours for the duration? legal costs.
Extra hiddens like higher transport costs from temporary quarters etc,
etc. The 500k is to cover things like that and other unforseens. Hard to
cost unforseens you see.

Peter

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