If your home's destroyed, and your claim is valid, we pay the costs to rebuild it. This means we need to know the rebuild cost when calculating your premium.
Market value changes depending on economic conditions and location. For example, a four-bedroom home in one area may have a much higher market value than in another, but this doesn't necessarily mean it costs more to rebuild.
If you take out an ‘Instaquote’ policy with us, we don't ask for a rebuild cost as we make assumptions to quote you more quickly and easily.