Well... Would the rebuild cost not be in the close neighborhood of the market value?
No, they don't normally. Rebuild cost as stated before.problem is though, lender might insist on minimum sum insured as amount owing on mortgage
Don't agree with you. I put in "normally" as there might always be some exception.lets disagree then. They have done so in the past. You say that they don't 'normally', indicating that you agree with me. I did cover myself with the word 'might'.
Can't even see what exceptions would require to have a home insurance cover beyond rebuilt costs. What would be the point for that in your opinion?No. Standard mortgage means that lender wants their interest protected.
Can we agree that there might be exceptions?
[...] mortgage lenders within the UK require the rebuild value (the actual cost of rebuilding a property to its current state should it be damaged or destroyed) of a property to be covered as a condition of the loan. However, the rebuild cost is often lower than the market value of the property, as the market value often reflects the property as a going concern, as opposed to just the value of the bricks and mortar.