Is the rebuild cost of my house out of date?

John Conlin / 12 March 2018

A reader would like to find out how to check the rebuild cost of his house, as it has not changed for several years.



Question

The rebuilding cost quoted in my home insurance has been unchanged for several years and I am worried that it may be out of date. Is there an easy way of checking it?

Answer

Go online to the RICS (Royal Institution of Chartered Surveyors) website, click on the ‘rebuilding cost’ option which will take you to the BCIS (Building Cost Information Service) section and guide you through measuring and entering details of your home (age, type, geographic region etc.) at the end of which it will display the appropriate re-building cost.



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The material is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.