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Sum insured calculator

Sum insured blog

When determining how much home and contents insurance cover you need to protect your valuable assets, it’s essential you understand how much it would cost to completely replace both your home and your belongings. For a quick estimate of the replacement cost of your home and contents, you can use our online calculators.

Home insurance

The costs of rebuilding your will vary from state to state and are affected by the size, style and standard of your home and the materials used to build it. Homes built on sloping land, or those with extensive fencing, paving and retaining walls have higher rebuild costs.

The calculator will also include the cost to remove debris and professional fees (such as architects and engineers), which are often forgotten.

Home building calculator >>

Contents insurance

The replacement costs of your belongings will vary depending on the quantity and quality of them. Your sum insured will vary depending on the quality of your furnishings – ‘average’ lowest price furnishings, ‘quality’ above average price, or ‘prestige’ tailor-made, high-priced furnishings.

Also some ‘high risk’ items are of such a personal nature that their value varies according to taste, for example sporting, photographic and entertainment equipment and jewellery.

The calculator takes each of these elements into consideration when estimating your sum insured.

Here are a few things to remember:

  • Costs vary over time, so try to review your sum insured every year
  • Re-evaluate your sum insured when you renovate and make new purchases
  • The cost of rebuilding your home is not the same as its real estate value

Home contents calculator >>

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