How to calculate rebuild cost for insurance?
With home insurance, you are protecting the building against damage but also in the event that something disastrous happens and you need to rebuild the home in its entirety. Therefore, calculating the exact rebuild cost is essential.
Our rebuilding calculator is a handy tool that can help you calculate the rebuild cost of your home. When using our rebuild calculator you will be asked to firstly calculate the floor space of the property in sq feet. You will then be asked what area your property is in, the type of home – terraced, semi-detached, detached or detached bungalow – and the number of bedrooms.
This calculator is based on information released by the Society of Chartered Surveyors and is intended as a guide only to give you an indication of the rebuilding cost of your house. To be totally confident that your home is adequately insured, an independent surveyor, can calculate the exact rebuilding cost of your home. Rebuild costs should also factor in the costs of professional services, if for example, you needed to avail of a solicitor or architect.