How much do I insure my Home and Contents for?
Your sum insured should reflect the full cost to rebuild or replace your home and contents at today's prices, should you ever need to. The impacts from COVID, increased home building activities and supply chain issues are currently driving up material costs. The cost to rebuild on a new-for-old basis can be more than the market value of your home due to materials, labour and current building laws. You should check your home insured to ensure it's sufficient in today's market.
To help you avoid being underinsured, you can use our Home Rebuild and Home Contents calculator to estimate the amount of cover you may need, or consult a professional for a valuation. You can ask us to change your home and/or contents sum insured at any time.