WebAge of the building – 4 years Depreciation – 2.50% Sum Insured – 1,000 (sq ft) X Rs.2,000/- X (1-10%) = Rs.18,00,000 Cost of construction range for structure Normal – Rs.2,500/- to Rs.2,999/- per square feet Standard - Rs.3,000/- to Rs.3,999/- per square feet Premium – Rs.4,000/- to Rs.4,999/- per square feet WebInsurance to value exists if property is insured to the exact extent assumed in the premium rate calculation. The rate calculation may assume that the average level of coverage is less than 100% of the value of the property. Insurance to value means insurance to full value only if 100% coverage is assumed in the rate computation.
How Much Would It Cost To Rebuild Your Home? Find a …
WebWhen buying home insurance you will often be asked to provide the rebuild cost of your home, sometimes referred to as the 'buildings sum insured'. This is the cost of … WebCordell Calculator Use the Cordell Calculator to set your Sum Insured The Cordell Calculator is an independent online tool that helps you calculate how much it might cost to rebuild your home. The calculation is based on typical rebuild costs for homes with similar materials and features. fender player stratocaster maple capri orange
Calculate the cost of rebuilding your home Vero
WebExclusive super luxury R35 700 - R58 000. Select type of main building Sub-economical - R3 900 - R4 500 Economical R5 400 - R6 800 Standard R6 600 - R8 300 Middle class R7 800 - R9 400 Luxury R10 100 - R14 000 Exclusive R18 000 - R19 000 Exclusive super luxury R35 700 - R58 000. Select main building roof type. WebMar 29, 2024 · If the rebuilding cost from the calculator is very different from your current sum insured, contact your insurance company, broker or a local chartered surveyor. Professional advice can be obtained from a chartered surveyor – the RICS can help you find one in your area. A number of insurance comparison sites also provide BCIS rebuild … WebConsider Your Zip Code. Simply providing your zip code can offer a lot of information about the potential cost of your home insurance. Your location helps insurance companies gather information about things like the average value of homes in your area, local building costs, as well as how many claims are placed in that zip code — each of which helps them … fender player stratocaster hss mn pwt