We work out the premium based on the type of property you own, this done via a matrix system based on the number of bedrooms, type of build, age of the property and whether there are any outbuildings or a swimming pool. This gives us the average cost of a re-build in that particular area/country but we will always provide £/€1 million or £/€500,000 (depending on the country).
This is so you can never be underinsured or suffer from currency fluctuations. In the UK if your property is either Grade II, B or C listed or built before 1850 then we require a rebuild cost to quote. In addition when quoting for a chalet, lodge or static caravan we require a replacement cost in order to quote.