For most policies, it’s up to you to estimate how much it would cost to rebuild your home — so take care to get it right. There are two ways of finding out this amount:
- Hire a surveyor to carry out a professional assessment of your property.
- Get a rough estimate, using a rebuild calculator, available on insurer websites.
'Total replacement' policies will rebuild or repair your home, whatever the cost. The insurer — not you — is responsible for estimating the value of the property correctly, ensuring you won’t be left out of pocket. However, these policies can be more expensive.