From: "Andy Pandy" 
Newsgroups: uk.finance
Subject: Re: House insurance renewal premium
Date: Tue, 19 Jul 2005 14:45:28 +0100


"Rob graham"  wrote in message
news:dbivcd$i3$1@nwrdmz03.dmz.ncs.ea.ibs-infra.bt.com...
> > a) the AA (who are normally very good) asked me for the market value of
> > the house; most companies seem to ask for the rebuild value.  I have no
> > idea what the market value of the house is, and it would be a wild guess
> > (and probably wrong).  I'm not happy about guessing it, especially if I
> > got it wrong (and they declined to pay a potential claim saying I'd
> > provided the wrong information).  I have a reasonably good idea what the
> > rebuild cost is.

Did you ask why? I can't see how the market value is relevant.

> Unusual. I would have thought most people would have a good idea what the
> market value was but not the rebuild cost.

The rebuild cost is usually on the renewal, index linked every year. I know
exactly what my rebuild cost is but haven't got a clue about the market value of
my house.

--
Andy