On Sat, 30 Oct 2004 08:30:08 GMT, "Lobster"
wrote:

"Jim Alexander" wrote in message
...

"MM" wrote in message
...
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.

Looked into this when renewing my insurance recently. Many companies
will
fill in a value based on the house details. If you accept their
valuation
you are usually covered whatever the actual costs. Egg had the closest to
the ABI figure but still higher. Norwich Union were usually close but not
for older houses. Esure who like to think they offer the lowest premiums
had a ridulously high suggested value resulting in a higher premium.

My buildings insurance is with the AA (which, unlike contents insurance or
car insurance IME) is an excellent deal - but also, significantly for this
thread, they aren't interested in the market or reinstatement value at all;
they simply ask you for postcode, no of bedrooms etc, and you're covered for
full reinstatement cost (they don't bother with giving you a figure). I
recommend the OP at least gives them a go.

Now this is a very interesting comment. Are you happy with the service
you're getting? Can you pay by cheque? (I never use any form of
credit, direct debit or standing order unless absolutely unavoidable.)

MM