
For some reasons I never looked closely into it, but how do you work out something reasonable for your rebuilding costs? I have some (ordinary) flats that are in very big standard tenements (I am in Scotland...), but I think that over the years the rebuilding costs have become too low, or maybe not... Who knows...
I checked here
and the amounts suggested are staggering. How can a single flat cost 3-400k+ to rebuild when there is nothing of note in it? A flat in a larger house, now split, came at over 700k! And I am certainly NOT talking about same Palladian house in the centre of London!
I don't want to be under-insured, but by the same token I don't want to purchase something I don't need.
What do you do?