Building insurance costs vary between properties and insurers, so there is no standard price. Premiums may be affected by your home’s rebuild cost, location, construction materials, age, claims history, security features, selected excess and the level of cover. The cost is usually based on rebuilding the structure rather than its market value, and may not include contents insurance. Compare quotes and policy documents carefully, check that your sum insured reflects current rebuilding costs, and speak with the insurer or a licensed insurance professional about your circumstances.