Building insurance estimate calculator
You can use the building insurance calculator to estimate how much it could cost to rebuild your home. The estimate will be a guide only. It’s 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 building insurance calculator can provide an estimated value that you can edit if you want to.
The estimate will reflect the property's address, the home's size and the materials and labour needed to rebuild it. It will also factor in often overlooked costs, 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 can give you a rebuild estimate which you can use to help set your buildings sum insured.
Please seek professional advice if you’re uncertain about your buildings sum insured.
Buildings Sum Insured Safeguard
The Buildings Sum Insured Safeguard benefit is like a safety net. It’s designed to help protect against underinsuring your buildings. 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 can 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 ensure your buildings sum insured includes 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 home contents insurance calculator to estimate roughly how much it could cost to replace your belongings with new items. The estimate will be a guide only. It’s not a professional valuation. You’ll need to be comfortable the estimate reflects the actual replacement cost of your belongings, as it doesn’t consider specific circumstances that 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 contents insurance calculator can 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 can give you a replacement estimate which you can use to help set your contents sum insured.
Please seek professional advice if you’re uncertain about your contents sum insured.
Go to calculatorOn 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. You can use the home and contents insurance calculators to help you review your cover amount.
Learn more about QBE home insurance.
FAQs
Insurers calculate home insurance premiums based on many factors such as information about your home, claims history, sum insured and excess.
Other considerations may include the type of cover you’ve chosen and statutory charges such as GST and other applicable government fees, duties and charges.
For more information, visit our understanding your premium page.
You can use the building insurance calculator for a rough idea of the rebuild costs of your home or the contents insurance calculator to estimate roughly how much it could cost to replace all your belongings with new items. Keep in mind these are not a professional valuation. You can also estimate these values during your QBE home insurance quote.
This advice is general in nature and has been prepared without taking into account your objectives, financial situation or needs and may not be right for you. You must decide whether or not it is appropriate, in light of your own circumstances, to act on this advice. To decide if QBE’s products are right for you, please ensure you obtain and consider the Policy Wording or Product Disclosure Statements and Target Market Determinations, available online at QBE.com/au. Insurance issued and underwritten by QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239545).