Calculating Sums Insured
Calculating the correct sums insured is a daunting task for many. We are often asked "How can I estimate my sums insured?"
You could use an online building cost calculator but there are significant limitations with these sums insured calculators. The options may not suit your property very well, you may not know which options to choose, you may not know the size of your property, etc. Changes to any of these factors significantly alter the sums insured result. This is why these online building cost calculators are all heavily disclaimed with a clause such as:
You could use an online building cost calculator but there are significant limitations with these sums insured calculators. The options may not suit your property very well, you may not know which options to choose, you may not know the size of your property, etc. Changes to any of these factors significantly alter the sums insured result. This is why these online building cost calculators are all heavily disclaimed with a clause such as:
Whilst every care is taken to ensure the accuracy of the information as a guide for costing, no responsibility is accepted by ABC Pty Ltd for its accuracy. Please check with a Quantity Surveyor, Valuer or other suitably qualified professional for an accurate estimate. ABC Insurance Limited takes no responsibility for the costs provided by ABC Pty Ltd nor any liability for the accuracy of or reliance upon or use of, the costs.
At the end of the day the best way to calculate sums insured is to get expert advice.
Don't rely on heavily disclaimed online replacement cost calculators, get an expert opinion.
Simply fill in our Free Sums Insured Review online form and we'll provide a report showing your Sums Insured Danger Rating and an Obligation Free Quote for an up-to-date independent valuation.
Don't rely on heavily disclaimed online replacement cost calculators, get an expert opinion.
Simply fill in our Free Sums Insured Review online form and we'll provide a report showing your Sums Insured Danger Rating and an Obligation Free Quote for an up-to-date independent valuation.