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#11
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Alan wrote:
In message , Mark wrote R Taylor om typed: MM wrote: I got one quote, and they worked out the value for buildings insurance based on post code the rebuild insurance is double the purchase price, ime. others may disagree, insurance companies dont.... LOL Undoubtedly for a House in Stoke, could even be treble. But do you think this would also apply to a similar house in London. ? Isn't it the land that costs the money in London and not necessarily the property build on it? Yes. Curiously enough, I am in the throes of selling my mothers house - a new build in 1953. There are no deeds to the house, only the land, and planning permission to build. It seems that when you sell a house, you actually sell the freehold to the land, and whatever is fixed upon it.... ...extension of this principle to insurance, probably means you merely insure what is built upon it, not the land. This may have extreme implications if the land becomes unusable due to coastal erosion or flooding, or subsidence etc. |
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