When purchasing any insurance policy, it is important to make sure the sum insured is correct. To calculate your Home Insurance, you need to be aware of the gross size of the building(s) in square metres, and include any outbuildings/improvements.
When considering the value of your contents insurance, think about the entire contents of your home and having to replace everything in it – including your DVD collection, your cutlery and linen, children’s games and toys, the esky and picnic blanket – not just the big ticket items that immediately spring to mind like your digital big screen LCD TV or leather lounge suite.
Are you adequately insured?
To help in calculating the sum insured, the Home Building & Contents Replacement Costs Calculator may be of assistance.