It’s important that you choose the correct sum insured value, so that you will be covered adequately if you ever need to make a claim. It is your responsibility to make sure your home and contents are insured for their full 'new for old' replacement value. That means that if your home is damaged, or your contents are damaged beyond repair or stolen, you will be able to replace or repair your home or contents with new items or new materials regardless of age.

You must make sure your sum insured is accurate not only when you first insure your home and contents, but also each time you renew your policy. It’s also important to review it regularly, being mindful of items purchased recently, and update your sum insured accordingly.

To help you calculate the replacement value of your home and contents, use our Building Calculator and our Contents Calculator.