For Insurance Purposes Rebuild Cost. The rebuild cost is the amount of money required to reconstruct your home from the foundations up, if your property was damaged or destroyed, in a fire or flood for example. Those living in the north east and yorkshire and the humber pay the least to rebuild—a house in leeds or durham costs around £222,000 on.
Multiply the total floor area by the cost figure and add for the cost of a garage if applicable. Calculating the rebuilding costs of your house for insurance. With guaranteed replacement cost coverage, your insurance company will pay to rebuild your home to its original condition, regardless of the construction cost, with no limit.