Rebuild Valuation

Jargon Buster

November 9, 2019

Jargon Buster

//mobiinsure.co.uk/wp-content/uploads/2014/09/my-own-business-insurance-small-business-insurance.jpg

Rebuild Valuation

A rebuild valuation is given to you via a surveyor and is the figure that it would cost you to rebuild your property, whether commercial or residential, if it was damaged beyond repair or a was deemed a Total Loss.

The majority of building insurance policies are based on a rebuild value rather than a property’s sale price or market value.