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Home insurance valuation and local building code

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  • 19-07-2018 5:39pm
    #1
    Supercell
    Registered Users Posts: 15,401 ✭✭✭✭


    When I renew my house insurance every year I have to put a valuation on rebuild costs.
    I've blindly followed rough online guidelines based on house size and type (bungalow etc).
    However the other day I was reading about how costs can vary hugely depending on the standard required by the local council. For example Dun Laoghaire/Rathdown County Council requires all new builds to be passive standard which no doubt is quite expensive to achieve.

    So, If my house burned down tomorrow I have no doubt that my current rebuild cost evaluation would not cover passive spec rebuild.

    If next year i add €150K to the rebuild evaluation based on this, would it be questioned or more importantly honored should the worst happen?
    Can i change the current rebuild cost evaluation midyear for that matter?

    Curious as to home owners opinion on this.
    https://www.loughlinstown.ie/

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