Cheaper House Insurance: ABI Calculates Rebuild More Than House is Worth!?

[Foresty Forest]

We're trying to get cheaper house insurance by calculating the cost of rebuilding. I've been outside and measured all the walls and got a reasonable estimate of square metres. But when I fed the figures into the ABI's cost of rebuild calculator, their price was roughly the same as our last estate agent estimate for sale price (ie. probably more than it would sell for).

Would this actually alert our insurers to put our premium up?

Is this ABI figure more of an insurance figure rather than what it would actually cost to rebuild?

What's going on?

 

[bernardgreen]

Before re-build there has to be a safe removal of the debris. Did the ABI's cost of rebuild calculator take that cost into account.

 

[^woody^]

Cost of rebuilding = cost of demolishing and clearing and all the associated fees.

Get a quote from one of the compare sites that does not require you to measure the building or areas