House Rebuilding costs – What they are and how they affect your insurance.

On the face of it the definition seems simple, they are the costs associated with having to completely rebuild your house if it was destroyed by an insurable event.

They include the cost of clearing the site, labour and materials cost of rebuilding.

They can be affected by things like how accessible the site is. If the materials can be easily delivered to the site and off loaded by crane or directly from the lorry this will keep the costs down. If however, the site is relatively inaccessible, and all materials have to be unloaded and carried on to the site by hand, then this will add considerably to the costs.

You should build in some allowance for fluctuations in the price of labour and materials. Better to allow a margin of error in the price rather than underestimate the value.

The key here is to make an effort to get as accurate a figure as possible. Talk to experienced builders, try your local builders providers.

Don't just pull a figure from the air.

Remember you will be penalised if you under insure.

The rebuild costs have nothing to do with the market value.

A house in a low market value area may have higher rebuild costs, perhaps due to difficult access, than a house in a highly desirable area which has easy access.

If you house is different from the average this will affect the rebuild costs.

For example, is it a listed building of architectural importance? If so, then it will have to be restored to a very high finish, adding to the costs.

Is it constructed with expensive materials? If so, you must take this into consideration when making your calculations. {KomentoDisable}

Time spent getting it right will be rewarded, you will avoid having too much or too little house insurance cover.

You will also have a bit of a head start on pricing, in the event of having to make a claim on your house insurance policy.

Why it is important to compare value for insurance.

 It can be very easy to fall into the habit of simply renewing your insurance without reviewing your insurance needs or comparing policies to meet those needs.

With our comparison website and the back up of our experienced and qualified experts, now you can review before you renew, with ease and confidence.

We will help you make sure that you are getting value for money and top class insurance.

Why price isn't everything.

 Some people focus solely on price. Whatever is the lowest price wins.

 The reason why that is not a good decision is as follows;

 To get to the lowest price some brokers/providers may decrease the cover, increase the excess, have more exclusions etc.

 This may leave you exposed when you go to make a claim. {KomentoDisable}

 One simple example is where the excess is increased by two thousand Euro from three thousand Euro to five thousand Euro.

 A claim arises for €4500 You end up paying €1500 more. Yet the “saving” on the premium was only €200.

 How do I get the best value from the mypremium.ie website?

 First, select the type of insurance you need from the menu above.

 Click on the get a quote button.

 Then depending on the type of insurance you will be able to get an instant comparison quote for insurance which you can purchase online if you wish. For the more complex insurance you can complete a quotation request form. We will search for you from up to 40+ leading Irish insurance providers and get you your best policy.

 You then decide which you want, after talking it over with our helpful experts.

 Either way you get the best value and cover for the best premium.

 If you need help at any stage you can click on the call me back button above and we will contact you at a time that suits.

 Or telephone us on 1890 666 666 or 047 62500.

 We're here to help.

We are here to help you get great value insurance from Irish providers and to save money. {KomentoDisable}

If you need help in using our website please try some or all of the following:

Search for the answer in our Frequently Asked Questions section

If you don't find it there try our Guides.

Maybe it has been covered in our customer support forum If not why don't you ask it there and see what answer you get from our forum members.

If like U2, you still haven't found what you are looking for , then contact us and let one of our qualified experts help you.