Your home and your possessions are undoubtedly important
to you. Loss of them is always a traumatic
experience, but it is made much worse if you're underinsured and unable to fully replace all you’ve lost.
Surprisingly many people underestimate how much
cover they actually need and so fail to adequately insure their home buildings and contents, or renew their policy annually without
regard to current replacement costs.
Home Building
When reviewing your building replacement value also consider:
- Lengthy lead times prior to construction and construction itself taking typically more than 12 months are continually putting upward pressure on construction costs.
- The cost of renting alternative premises during your home's repair or rebuilding should be included in the total figure for your building sum insured.
- Alterations or additions to your home including
landscaping, garden sheds, swimming pools, outdoor entertainment areas and other structures should be included in the total insured amount.
- To calculate the value of your building click here>
Home Contents
Keeping track of the value of your home's contents is not easy so we
provide a home contents
calculator for estimating the replacement cost of the items in
your home. Click on the link below to download it.
Home contents value calculator (116 KB)
It's a good idea to review and update your valuation at least once a year to avoid the risk of being underinsured.
If in doubt, don't hesitate to contact us to ensure that your property and contents
are adequately covered. This is after all a small price to pay for peace mind in the event of damage to or loss of your home.
