09/09/2026
Your home’s market value and its rebuild cost are not the same thing.
Market value is broadly about what a property may sell for.
Rebuild cost is about what it may cost to reconstruct the property after a major loss.
For buildings insurance, it’s usually the rebuild cost that matters.
With higher-value or more unusual homes, that figure can look very different from the estate agent’s valuation. Materials, design, location, listed status and specialist features can all affect what it may cost to put the property back if something serious happened.
That’s why, for many High Net Worth clients, getting the sums insured right deserves more than a quick guess or an old figure being rolled forward.
Talk to us about High Net Worth cover.