Is there a financial limit to the cover after legal completion?
Yes. The most we will pay is the original purchase price as shown on the Insurance Certificate up to a maximum of:
- £500,000 for a newly built home, or
- £250,000 for a converted home
- (up to £1 million for all the homes in a continuous converted structure).
The financial limit will be increased each year in line with the RICS House Rebuilding Cost Index, or if less, by 12% compound per year from the date of the Insurance Certificate (please see the Buildmark booklet for full details).
