Home and Contents Sum Insured Calculators

Normally insurers will index your sum insured with inflation taking into account rising building costs. We also recommend you undertake a review of your sum insured annually, as you may have undertaken a renovation that may have increased the replacement value of your property.

Depending on the type of home policy chosen, you may or may not have to specify certain items. The better home insurance policies have higher limits on items, meaning that you are automatically covered up to certain dollar figure for certain items.

Depending upon the policy you have chosen you may be covered. Better policies will have coverage and higher dollar limits. The standard Accidental Loss or Damage home policy provided by Business Insurance Specialists Pty Ltd has an automatic section provided for unspecified contents away from home. Please discuss the dollar limits for both unspecified and specified items you require insured with your account executive.

Premium cost is determined by various factors including the construction, age, location, type of property, values of items to be insured, claims history, excess level chosen and the type of policy taken. Insurers take into account many factors. It is important to answer questions correctly in case of non-disclosure or mis-representation being alleged by the insurer which could deny any claim you may have.