About insurance calculators
Most insurance policies pay a policyholder (or carry out the works) up to a set financial limit. This is called the sum-insured and represents the maximum value of your policy. Choosing the right sum-insured for your property and contents is important. Should the worst happen and you have undervalued your assets, you may not have enough financial capacity to rebuild or replace all of your belongings. Web calculators that reference current building and replacement costs play an important part in helping you decide the sum-insured. Many insurance companies provide access to web calculators on their website.
The results from this calculator are an approximate guide only and should not be taken as advice or a recommendation to acquire any product or level of insurance cover. Typical building replacement costs are provided by Cordell Information Pty Ltd (A.B.N. 95 159 137 274) ('Cordell') and typical building contents replacement costs are provided by Sum Insured Pty Ltd (A.B.N 55 947 630 521) ('SI'). Whilst every care is taken to ensure the accuracy of the information as a guide for costing, no responsibility is accepted by either Cordell or SI for its accuracy. Please check with an Architect, Builder, Quantity Surveyor, Valuer or other suitably qualified professional for an accurate estimate and consider whether you need to obtain financial advice before selecting an insurance product suitable for you. Insurance Council Australia Ltd (A.B.N 50 005 617 318) takes no responsibility for the costs provided by Cordell or SI, nor any liability for the accuracy of, reliance upon or use of the costs. You accept all responsibility for assessing the suitability of the calculator for your own requirements. You agree that your use of this calculator is at your own risk. By viewing or using the calculator(s), you are deemed to accept the above.