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Finding the right amount of cover

When determining how much home and contents insurance cover you need to protect your valuable assets, you should consider understanding how much it would cost to replace both your home and your belongings. For an estimate of the replacement cost of your home and contents, you can use our online calculators.

Home insurance

The costs of rebuilding can vary from state to state and are usually 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 typically 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 insurance calculator


Contents insurance

The replacement costs of your belongings can vary depending on the quantity and quality of them. Your sum insured can 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. These items may need to be separately listed on a policy depending on their value.

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   

Contents insurance calculator

Important Information

The Cordell Sum Sure calculator takes the answers you input (or confirm, as applicable) and analyses them against construction industry data collated by CoreLogic to generate an estimated rebuild cost of the improvements on your property. Use of the Cordell Sum Sure calculator and any estimated rebuild cost provided by it may not be appropriate for you and you will need to assess the suitability of this estimate given your knowledge of your property. A number of qualifications apply to the estimated rebuild cost, which are set out in the full set of terms and conditions accepted by you prior to your use of the Cordell Sum Sure Calculator.

This insurance product is distributed by Automobile Association of Northern Territory Inc ABN 13 431 478 529, an authorised representative of the issuer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement and Target Market Determinations from