What is the Buildings Sum Insured (BSI)?
When going through the process of getting a Landlords Insurance quote you will be asked to provide an amount for the Buildings Sum Insured (BSI). This figure is the cost for rebuilding your property if it was completely destroyed. This should not be confused with the market value of the property (which is normally much higher than your Sum Insured). It is equally important not to underestimate your Buildings Sum Insured since should it come to making a claim the insurers will reduce the amount that they pay you in proportion to the amount you have underestimated.
