MM wrote:
I got one quote, and they worked out the value for buildings insurance
based on post code, number of bedrooms and other points. Then I called
another broker and she said her firm had to be advised the value
required to be insured, as they could not themselves provide any
estimate. I kind of had the feeling from them of, take it or leave it!
As I don't need a mortgage and the building is brand new, how am I
supposed to find out what to insure it for? I believe the buildings
insurance is normally a lot less than the price paid for the property.
MM
Normally its rebuild after total destruction cots, which is probably in
the region of 100-150 a sq ft, for insurance purposes, tho in reality it
can be a lot less..
|