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Is this an odd thing for our buyer to ask?

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  • Is this an odd thing for our buyer to ask?

    Hi,
    We are hopefully nearing the end of a long sale process and our buyer's solicitor has now asked us to alter our home insurance as our buyer's surveyor has valued the rebuild cost significantly higher than our insurer has (£360k rather than £292k). Can anyone explain the logic of this request? I don't understand why we would increase our insurance when we are happy that our insurers have valued the rebuild for several years (we renewed in Jan and they raised it from £253k to £292k). If we are about to give up this insurance when the sale goes through, why would our buyer even ask us to do this? Don't they have to get their own insurance anyway? We are buying another house and haven't even thought to consider what the current insurance policy of the vendor is.

    Does anyone know why our buyer would request this?

    Thanks
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