When purchasing Let Property insurance, it is vitally important to figure the correct rebuild costs of your property. This is easily mixed up with the market value of the property, and can mean that the amount your property is insured for is incorrect, something that will affect your let property insurance in the event of a claim.

The market value of the property is the current estimated amount that the property would sell for, and takes into account the environment, size of property, proximity to schools, shops etc. and many other factors in determining the market value.

When determining the sum for your let property to be insured for, however, we would require the rebuild value of your property. The rebuild value quite literally means the amount it would cost to completely rebuild your property from scratch.

A great website for checking the rebuild costs of your let property is http://calculator.bcis.co.uk/. This website may be worth a check to ensure you the peace of mind in knowing that you have the correct rebuild cost to insure your let property.

If you have any queries regarding rebuild costs, or any other matter regarding your Let Property insurance, please do not hesitate to contact us at Cover4Let Property on 0800 970 7172.

Many thanks, and we wish you a very happy New Year!

Robin