Sum Insured Calculators
To assist our clients, we provide a sum insured calculator for your home contents and building sum insureds.
People are often unaware that insurance is provided on a replacement “New for old” basis, in most instances, which unfortunately means in the event of a major loss, there can be under-insurance.
To save the time in obtaining a professional valuation, we recommend a valuation be done using the below calculators. We recommend you send to us a copy of the calculation so we can provide to insurers also. In the event of a loss, having this information can assist in expediting a claim.
Please click on the links as provided below.
If you have any issues or concerns in completing these calculators, please contact Business Insurance Specialists Pty Ltd and we can complete these calculators with you.
To assist our clients in understanding some of the issues surrounding setting home and contents sum insureds, we have provided some simple Question/Answer guides below:
Residential Home Building Sum Insured Calculator Disclaimer
Typical building replacement costs are provided by RP Data Pty Ltd trading as (A.B.N. 67 087 759 171) trading as CoreLogic Asia Pacific (‘CoreLogic’) and typical building contents replacement costs are provided by Sum Insured Pty Ltd (A.B.N. 55 947 630 521 (‘SI’) trading as Home Contents. Whilst every care is taken to ensure the accuracy of the information as a guide for costing, no responsibility is accepted by CoreLogic, SI and Business Insurance Specialists Pty Ltd (BIS) for its accuracy. Please check with an Architect, Builder, Quantity Surveyor, Valuer or other suitably qualified professional for an accurate estimate. BIS takes no responsibility for the costs provided by CoreLogic or SI, or any liability for the accuracy of or reliance upon or use of, the costs. To the fullest extent permitted by law, CoreLogic, SI and BIS expressly disclaim all warranties, express or implied, including, but not limited to, the implied warranty of fitness for a particular purpose. CoreLogic, SI and BIS do not warrant or make any representations regarding the use or the results of the use of the information provided in terms of its correctness, accuracy, reliability, or otherwise.