Are we alone in the universe? Who shot JFK? Is time travel possible? Why do flammable and inflammable mean exactly the same thing? And how come you never see the headline ‘Psychic Wins Lottery’? These are just some of life’s great unanswered questions, and in the insurance world there is another. That question is: Should VAT be included when calculating the rebuild cost of a property? It’s an important question. After all, the consequences of inaccurate sums insured can be si