Rebuild value meter Homes 2022 ready

The Rebuild value meter Homes 2022 is ready and the inventory value index is known.  Both are valid until 31 December 2022.

The rebuilding value is the amount that an insured person needs to rebuild a home, if it were to be completely lost, in the same condition and according to current building requirements. The Rebuild value meter is adjusted annually based on figures from a large technical consultancy firm. The agency calculates these figures on the basis of construction prices, (innovative) use of materials, and the adapted and extensive building regulations. The calculation does not take into account current daily prices. After all, daily prices are influenced by wave movements in the economy. That is why the Verbond voor de Herbouwwaardemeter is based on the structural cost development.

Gas-free construction and increased construction costs

However, the meter does take into account the new requirements for renewable energy ('gas-free construction'). Although the possibilities can differ per municipality, street and building, due to the workability it has been decided to include a fixed percentage of 8 percent for this. This has already been incorporated into the basic prices. The price increases due to the current overstrained market of supply and demand, the sharply increased transport and wood prices (daily prices) and the expectation that this situation will continue for a longer period of time, also bring a great deal of uncertainty for the level of construction costs. For this uncertainty, a fixed percentage of 5 percent has been included in the basic prices this year.

Advice: give customers a guarantee against underinsurance

The Rebuild value meter provides a global outcome. In addition, current prices may fluctuate and costs may depend on the specific situation. That is why the Dutch Association of Insurers advises that when using the Rebuild value meter, the customer should give guarantees against underinsurance.

Inventory value index known

The new index for determining the value of household effects has been set at 155.7 this year (2020: 138.5). The corresponding amount per point for the inventory value meter is 1105.82 euros. The main explanation for the difference between the two years is the global consequences of COVID. Because the CPB assumed falling consumption (-5.8 percent), layoffs and bankruptcies and that consumers would start saving, the index for 2021 fell to 138.5. The expected decrease turned out to be an increase of 3.4 percent in consumer goods in household effects. Because CPB expects another growth in consumption and an additional price increase for next year, the index figure for 2022 is set at 155.7.

The meter is a tool for insurers that the Association makes available to insurers without obligation. Insurers are free to use other indices or methods.

Read more about the Rebuild Value Meter