Wednesday, 20 March 2013 09:43

How much should I insure my buildings for?

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You must be careful with this - make sure that you do not insure your buildings for the market value of your property. You are insuring against the fact that the building has to be demolished, the site cleared and then your property rebuilt. You wont have to buy the land again, so as a result the rebuild cost is typically much lower than the market value. If you insure for the market value you are wasting your money and over insuring yourself! More information on rebuild costs can be found from the Association of British Insurers website http://www.abi.org.uk

Read 15503 times Last modified on Wednesday, 20 March 2013 15:05


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Jonathan Hales

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