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Premium hikes likely as rebuild costs rise
Updated / Monday, 15 Mar 2021
17:30
New Nearly Zero Energy Building (NZEB) standards requirements have contributed to an increase in the upfront cost of building
Business Journalist
Homeowners could face increased buildings insurance premiums because of a hike in the cost of rebuilding a home, according to a report from the Society of Chartered Surveyors.
The latest Guide to House Rebuilding Costs shows that the national average outlay associated with rebuilding has increased by an average of 7.3% over the past 18 months.
There are regional variations with the cost in Dublin going up by 5%, while in the North West the increase if of the order of 9%.