How do you calculate the rebuild cost of a property?

The rebuild value of the property is the potential cost of reinstating the property to its former standard following a total loss. The value should include costs associated with any necessary demolition and clearance of debris, along with rebuilding the main structure and any outbuildings.

It is your responsibility to ensure that your property is adequately insured up to its full rebuild value. This is best established through hiring a chartered surveyor, but there are also some useful online calculators that can be used for free guidance such as the Association of British Insurers.