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Discussion in 'Property Management' started by redflag, 30th Aug, 2015.

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  1. redflag

    redflag Member

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    Im always confused when insurers ask how much insurance I want to replace the house or value of the house .
    Is there a guide.
    I on a 760 sq m block with a 3 br brick veneer. Sunshine coast.
    Current house land value 550/600k.
    Council land rate value 250k.
    Thx.
     
    redflag, 30th Aug, 2015
    #1
  2. chindonly

    chindonly Well-Known Member

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    chindonly, 30th Aug, 2015
    #2
  3. redflag

    redflag Member

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    redflag, 30th Aug, 2015
    #3
  4. redflag

    redflag Member

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    Thx, But that just gives contents.

    Im talking replace building.
     
    redflag, 30th Aug, 2015
    #4
  5. redflag

    redflag Member

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    ok found the house part
     
    redflag, 30th Aug, 2015
    #5
  6. chindonly

    chindonly Well-Known Member

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    They seem a little on the high side, but I would rather be safe than sorry.
     
    chindonly, 30th Aug, 2015
    #6
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    The title of the thread asked for contents - big difference.
     
    Scott No Mates, 30th Aug, 2015
    #7
  8. redflag

    redflag Member

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    Sorry. I forgot to Insert "and"
     
    redflag, 30th Aug, 2015
    #8
  9. redflag

    redflag Member

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    Location:
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    Im basically interested in how much I need to spend to rebuild if I need.
    Real estate House valuation 550/600k.
    Council rate land value. 250k.
    Thx
     
    redflag, 30th Aug, 2015
    #9
  10. miked

    miked Well-Known Member

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    Anyone here would need more information. A 600k house in the sticks is going to be a lot more expensive to rebuild than one that is 5km from the CBD...

    If possible, get insurance for the cost of the rebuild instead of for a specific value. Will ensure you don't end up being underinsured.
     
    miked, 1st Sep, 2015
    #10