How to work out buildings sum insured on HMO's

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    How to work out buildings sum insured on HMO's

    How do you calculate buildings sum insured for HMO's please? and what are the consequences if you get it wrong - particularly if you over estimate?


    This may help you to calculate the value for insuring the property :


      I would always suggest a surveyor to give you the sum insured for insurance purposes. The calculator in above post is a good free alternative but must be only gives genrally guidance on rebuilding costs. Consequences of over estimating is that you may be overpaying on insurance premium. Consequences of under estimating is that you may have a claim payout reduced or even declined.
      Steve Smith - Company Director at a leading Landlord Insurance broker with 18+ years experience in the industry
      LandlordZONE Verified Poster and Topic Expert for Landlords Insurance since 2009
      See my profile for contact details


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