Do I need to calculate the rebuilding cost for my Buildings Insurance?

No, you don't need to calculate the rebuilding cost yourself. When you apply for your mortgage the lenders’ Valuer will inspect the property and calculate how much rebuilding insurance cover you need.

If for any reason you think that the Valuers estimate is wrong, then you can query it. In any case if you want to insure for more then that’s up to you.

If you are determined to calculate the rebuilding cost of your home for yourself, there are a couple of leaflets you can refer to:

"How to work out the Rebuilding cost of your home" published by The Association of British Insurers - www.abi.org.uk

"Guide to House Rebuilding Costs for Insurance Valuation" available from The Royal Institution of Chartered Surveyors - www.rics.org