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Building insurance estimate calculator

You can use the building insurance calculator to estimate out how much it would cost to rebuild your home. The estimate will be a guide only. It is not a professional valuation. You’ll need to be comfortable the estimate reflects the actual replacement cost of your buildings as it doesn’t take into consideration specific circumstances which may affect the replacement value e.g. unique features of your home. It’s important to choose an adequate amount (known as your ‘buildings sum insured’) and not to be underinsured. By providing general information about your property the calculator will provide an estimated value that you can edit if you want to.

The estimate will reflect where you live, the size of your home, and the materials and labour needed to rebuild it. It will also factor in costs that are often overlooked, such as architect and surveyors’ fees and debris removal. This estimate isn’t the same as your home’s real estate value.

Alternatively, when you get a quote for home insurance, the questions we ask you will give you a buildings sum insured estimate.

If you’re uncertain about your buildings sum insured, please seek professional advice.

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Buildings Sum Insured Safeguard

The Buildings Sum Insured Safeguard benefit is like a safety net. It’s designed to help protect against underinsuring your property. Your Certificate of Insurance will confirm if your policy includes the benefit.

If it does and we accept a claim that exceeds your buildings sum insured, we’ll pay up to 30% more than the buildings sum insured shown on your Certificate of Insurance.

Check your bushfire risk

If your home is in a bushfire attack zone, you’ll need to adjust our estimate to include the cost of bushfire protection measures, which you’d need to implement when rebuilding your home. The requirements, and costs, will vary depending on your home’s Bushfire Attack Level (BAL). Contact your local council for advice on your BAL if you think you’re at risk of bushfire. Read more about how to protect your home and check your cover before bushfire season

Contents insurance estimate calculator

You can use the contents insurance calculator to estimate roughly how much it would cost to replace your belongings with new items. The estimate will be a guide only. It is not a professional valuation. You’ll need to be comfortable the estimate reflects the actual replacement cost of your belongings as it doesn’t take into consideration specific circumstances which may affect their replacement value. It’s important to choose an adequate amount (known as your ‘contents sum insured’) and not to be underinsured. By providing general information about your property and belongings the calculator will provide an estimated contents value and summary that you can edit if you want to. Our contents insurance includes new-for-old replacement on most items.

Alternatively, when you get a quote for contents insurance, the questions we ask you will give you a contents sum insured estimate.

If you’re uncertain about your contents sum insured, please seek professional advice.

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On renewal

Your home and contents sums insured/replacement values may change over time, so it’s important to check them when you renew your policy, renovate or buy new items.

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Home owners: how to avoid underinsurance
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The advice on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. You must decide whether or not it is appropriate, in light of your own circumstances, to act on this advice. You should ensure you obtain and consider the policy wording or Product Disclosure Statement for the policy before you make any decision to buy it.

Need more help?

Call us at 133 723

Mon-Fri 8am-7pm, Sat 8am-1:30pm (AEDT)