On 30 Oct 2004 23:29:02 GMT, (Andrew
Gabriel) wrote:

In article ,
Phil Addison writes:
On 30 Oct 2004 20:34:46 GMT, Jo wrote:

Hello, hello, is there anyone listening out there?

"House Rebuilding Cost Assessments for Insurance Purposes

Most domestic house insurance policies require that the sum assured
is the full rebuilding cost of the property.

Why?

All insurance works that way. If you make a claim, and you
were only insured for half the full cost, then you will only
get half the claim, even if the claim is only for a 100th of
the full cost. Same with home contents, etc. That's one of
the things the insurance assessor is checking when he/she
calls during a claim.

Yes, I'm well aware of that Andrew. My previous remarks are all on the
basis that I am fully covered and paid up.

I am querying the whole basis of the idea that the insurance should be
based on the need to re-build. I want to know why we can't be insured
just sufficient to be able to buy a similar replacement home.

Phil
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