Back To Primers List
|
Smart Apply
 |
|
Householder Insurance Primers
Wednesday 02 January 2008
How to assess the value of a house
Wednesday 02 January 2008
| Your house's value is assessed as per its re-instatement value i.e. what it would cost to rebuild your house. This is calculated as the area of your house multiplied by the rate of construction per square feet, as on the date of purchasing the policy. For example, if you have a 1,000 sq. ft. house, and the present construction rate per sq. ft. is Rs. 800/-, your house is valued at Rs. 8,00,000. See also: How to assess the value of the belongings in a home |
