Your home is probably your biggest single investment so it's of vital importance that you insure it for its true value. It is always best to ask a qualified builder or valuer to advise you on the correct value for insurance purposes.With RAA Building Insurance your home is insured up to its replacement value.
A guide on how to calculate your building replacement value:
Take the outside measurements of your home and multiply them to get the area, for example, 20m x 8m = 160 sq m.
Remember to add upper floors and basements.
For open areas, for example carports and verandahs, add only half the actual area, as rebuilding costs are half.
Construction Type ?
To assist in the assessment of the value of your contents, simply complete the contents valuation form by entering your estimate next to all of the different types of contents listed.
For RAA Contents Replacement Policy, use full replacement value (new for old) for all furniture, furnishings, home electrical applicances and other items.
Add another category
Your Contents Total
Based on the information you provided, you should insure your building and contents for the following:
VERY IMPORTANT - PLEASE NOTE:
This guide is a valuation tool and provides estimates only. It does not provide a definitive valuation of any home building or contents. The value of your home building and contents will vary depending on your circumstances. Home and Contents Insurance is issued by RAA Insurance Ltd (trading as RAA Insurance) ABN 14 007 872 602 AFSL 23 25 25. Please read the Product Disclosure Statement
(PDS) before you make any decisions regarding the product. The PDS is available from RAA or via www.raa.com.au