How Do You Calculate The Amount Of Landlords Buildings Insurance Required?
The buildings sum insured is not the value of the property as that later figure would include the value of the land and building and would usually be higher. If your rental property were burnt to the ground, the amount of landlords buildings insurance would usually be the cost of rebuilding the property back to its original state.
Many people would obtain the advice of a professional valuer of rental properties to obtain an accurate valuation for buildings insurance purposes.