Home and Contents Replacement Cost Calculators

At the end of each insurance period, we’ll automatically increase the amount your home and/or contents are insured for — to help keep pace with rising costs.

When you receive your annual insurance renewal offer, you’ll notice your premium has been adjusted to reflect the higher sum insured.

If you wish, you can decline the higher sum insured by contacting us or logging into your online account and editing your policy.

For example, if your house was insured for $500K and we increased it to $550K but you declined the increase, your sum insured would remain unchanged at $500K.

Regardless, we encourage you to regularly review your sum insured, which you can change at any time (subject to our acceptance of the new sum insured) by contacting us or logging into your online account and editing your policy.

Note that we will not automatically increase the sums insured for your listed, or specified, contents and personal effects.

We recommend you get jewellery, collections, art works and the like valued every so often by a suitably qualified professional to ensure they’re adequately covered.

It’s important the home sum insured you nominate is sufficient to rebuild your home at today’s prices.

You can increase your sum insured at any time by calling us on 1800 182 310 or logging into your online account and editing your policy.

For extra peace of mind, you can add optional Sum Insured Safeguard cover to your home insurance policy.

If you select this cover, we’ll increase your home sum insured by up to 25% if your nominated sum insured is not sufficient to repair or replace your badly damaged or destroyed home (e.g. from $400,000 to $500,000).

It’s up to you to decide whether to list the following on your policy:

• contents you want to insure for more than our benefit limit (where applicable)
• portable items you want covered when you take them with you away from your home.

You can list your contents when you get a quote and buy a policy or — if you’ve already bought one — by calling us on 1800 182 310 or logging into your online account and editing your policy.

There are lots of factors that can influence your home insurance premium, including:

• sum insured — generally, the larger the sum, the higher the premium
• location — areas prone to severe weather or crime, for example, can attract higher premiums
• age and construction materials — the newer your house, for example, the less you’re likely to pay
• how it’s occupied or used — if your home is used for business or is unoccupied for long periods, you may pay more
• claims history — the more claims you’ve made in the recent past, the higher your premium is likely to be
• insurance excess — generally, the higher your excess, the lower your premium; and vice-versa
• optional covers — the more optional covers you have, the higher your premium is likely to be
• government charges, taxes or levies.