I have just built a new house and looking at insurance. its made of stone and there lies the problem, i even have this issue with my current house. insured for 450k worth about 250k being stone it increases the insured value by heaps. the new house is only just built and cost about 300k to be built yet the insured value is 900k they can drop it slightly but cant go much lower, i think its around 800k is this not fraud of some kind as if it burnt down, cyclone etc i cant see them letting me have 900k to rebuild yet im paying a premium way above what i need to. any decent insurance providers i should be looking at?