Buildings insurance
- Sum-insured policies
These are likely to be the cheapest type of buildings
insurance for most people. With this type of policy,
you insure for the amount it would cost to rebuild your
home (which is not necessarily the same as what it would
cost to buy). What this figure – the ‘sum
insured’ – should be depends on what the
property is built of, how big it is and where in the
UK it is situated. The premium you pay is based on the
size of the sum insured – usually expressed as
a cost per £1,000.
|
