Great Western House
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This figure will tell you how much you should insure your property for. The figure will allow for completely rebuilding the property, demolition costs and professional fees but does not
include the value of the land.
Building costs can change significantly over time and are not linked to the value of the property. Therefore, insurance reinstatement valuations can rise or fall irrespective of market values. It is always wise to have your insurance valuation periodically re-calculated to ensure you are adequately covered.