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Lorna Harrington

What is the rebuild cost of my house?

The cost to rebuild your house for insurance purposes is based on your house being rebuilt from scratch.

The rebuild cost of your house for insurance purposes is based on your house being rebuilt from scratch.

Your rebuild cost differs to the market value. It’s important to make sure this figure is accurate to avoid being over insured or worse, underinsured.

If you’ve recently bought your home, the rebuild cost should be on your mortgage valuation or deeds.

What’s included in the rebuild cost?

Your rebuild cost should include any professional fees associated with rebuilding, the cost of clearing the site, delivering new materials and if necessary storing them at the site.

As well as:

  • The structure of the home
  • Fixtures and fittings e.g., kitchens, bathrooms
  • Oil & gas tanks and cesspits
  • Permanent swimming pools
  • Tennis hard courts
  • Walls, gates, fences and hedges
  • Terraces and patios
  • Drives and paths
  • Car ports and garages
  • Sheds, greenhouses, summer houses and other buildings

How do I calculate the rebuild cost of my house?

If you own a standard, brick-built home, there are two ways to calculate your rebuild cost:

  • Use the Building Cost Information Service’s house rebuilding cost calculator
  • Hire a chartered surveyor from a RICS regulated firm to carry out a professional assessment
Example of a standard brick built home

If your home is:

  • A listed building
  • Made of stone
  • Difficult to reach
  • Eco-friendly
  • Constructed before WWII
  • Altered
  • Used for a different purpose
  • Has extensive external features or outbuildings
  • Updated with expensive fixtures and fittings

Or, if 10 years have passed since your property has had a professional building insurance valuation, it’s important to arrange a Reinstatement Cost Assessment (a professional rebuild valuation) from a RICS regulated firm.

Example of a stone built home

Is my building of protected status?

To find out if you live in a protected status building, go to the relevant website for your country:

Next steps

  1. Contact us to discuss your property and whether you would require a Reinstatement Cost Assessment
  2. Review the rebuild cost of your home each time you renew your insurance
  3. Update your rebuild cost any time you make changes to your property or its use
  4. Choose a Major Review on year 3 to keep your valuation accurate

Commercial Director celebrates and reflects on 2 years at BCH

A driving force of BCH, our Commercial Director, Mark Briggs celebrated his 2-year work anniversary last month.

A driving force of BCH, our Commercial Director, Mark Briggs celebrated his 2-year work anniversary last month.

Mark arrived at BCH in 2019. As a Director of a quantity surveying and construction company, T&B, he brought with him immeasurable practical expertise to strengthen our business processes in reporting Commercial Building Reinstatement Cost Assessments.

BCH is the UK’s market leader for RCAs and Mark is leading the evolution of company strategy and innovation, whilst keeping the customer experience at the centre of these improvements.

Mark holds a BSc(Hons) in Quantity Surveying and Commercial Management, Cert CII, is an Associate of the RICS and is a Member of the Chartered Institute of Builders.

Joining the company not long before the pandemic started, Mark was instrumental in navigating some of the most challenging times in business, as the world got to grips with new ways of operating.

“I arrived in the role of Commercial Director only ten months before COVID hit, which has meant the last two years have been a significant challenge.

COVID has been life changing for many both professionally and personally. An optimist by nature, I hope along with many, that we will soon turn a corner and we can look back and reflect on how we used the lockdowns effectively to make some positive changes.

Through hard work, and some luck, I believe as a business we have successfully navigated the COVID pandemic and indeed have made considerable progress for our team and customers.

During this unprecedented time, we have bolstered our existing professional relationships, have crystallised many new relationships and have made significant progression on a digital transformation of BCH. The result of which, to date, has been the introduction of a brand-new IT system and the launch of Benchmark, our desk-based e-Valuation service.

It is always a privilege to work with a strong team around you and I am delighted that during my first two years, we have had the opportunity to promote various members within our team, and also invest in our future processes and services by taking on an in-house Project Manager and IT Principal. We also find ourselves in a position to recruit more surveyors and it is wonderful to see what talent there is out there.

At BCH there is never a dull moment and I look forward to celebrating our 15th Anniversary this December with the hope of a return to business as normal soon.”

We congratulate Mark on an interesting, challenging and rewarding 2 years at BCH and look forward to the continued evolution and progression of the business for our team and customers.

James Pardoe

Buildings Insurance Surveyor

BSc (Hons) Building Surveying

Building Insurance Surveyor

James initially worked for BCH in 2009 and left to join the first Lloyd’s of London claims graduate programme in London. This scheme involved secondments within the corporation itself, with a broker, law firm, two loss adjusting firms and a Lloydís syndicate. After the scheme finished, James continued his career in the London Market, before returning to BCH in 2019. James is a Building Insurance Surveyor and works on special projects for BCH, most recently working on the launch of our Benchmark e-valuation service.

His passion for buildings continues away from work, where he is currently restoring a Grade II Listed home.

Ben Birch

Senior Surveyor

BSc(Hons) Cert CII

Senior Surveyor

Having worked previously for a leading marine insurer and as an underwriting administrative assistant, Ben joined the BCH team in 2020. Based in Merseyside, surveying regularly throughout the North West and further afield as required, Ben conducts appraisals on blocks of flats and commercial sites. Away from work, he is a supporter of Liverpool Football Club and enjoys seeing live music.

Alyssa Baxter

Commercial Executive

Cert CII

Commercial Executive

Alyssa joined the BCH Head Office team, based in Market Bosworth, in 2019. Her role as Case Manager sees her working across all product lines, assisting clients daily and supporting our surveying team. Alyssa spends her time away from work creatively and enjoys playing piano and socialising with friends.

Catherine Sofio

Principal Surveyor

BA MA Cert CII

Principal Surveyor

 

Based in the south and travelling frequently to London, Catherine joined the BCH team in January 2018. As Assistant Principal Surveyor, she can carry out appraisals on all types of buildings, including complex listed buildings and has responsibility for reviewing and signing off residential surveys, as well as dealing with customer questions and queries.

Having completed a Masters at Sotheby’s, she worked as an Appraiser for Chubb Insurance, based in London and travelling throughout the UK. Catherine especially enjoys surveying in the southwest, as she finds exploring this area through its landscapes and historic houses very rewarding. She enjoys visiting stately homes and finds all vernacular architecture fascinating. Catherine loves art and design of all eras and spends time in Italy where art, fashion, opera delicious food and wine are all in abundance!