When you take out home and/or contents insurance, it’s important that the amount you’re insured for accurately reflects the cost to rebuild your home and/or replace your belongings. This is because you might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of your home and contents.
In fact, 81% of homeowners and renters are exposed to significant financial loss because their insurance does not cover them to resume the same standard of living in the event of a crisis. 1
The home insurance calculator is designed to estimate the valuation of a residential property and can also be used as a landlord insurance calculator. To get an estimate of how much it would cost to replace your building and/or contents, use our quick and easy calculators below. All you need to do is enter your address and double check that we’ve got your building and contents information right.
For more information on the aspects you need to consider when utilising a replacement cost calculator, simply read on.
Your home building estimate will depend on a range of factors, such as your home’s floor area or size, design, quality of materials, and land slope.
Remember to include structures like your pool and granny flat in the calculations; however you will need to exclude your land value.
Our home insurance calculator is powered by Corelogic, Australia’s leading property valuations provider.
When estimating your contents value, include items like your furniture, white goods, kitchen items and even items like your clothes, linen and food.
Our contents insurance calculator is powered by Sum Insured Pty Ltd, who specialise in the research and production of contents replacement cost information.
Home Building or Landlords Replacement Cost Calculator
Quick and easy – estimate the value of your home or investment property in minutes.
Home Contents Replacement Cost Calculator
Quick and easy – estimate the value of your contents in minutes.
1 Insurance Council of Australia, Understand Home Insurance Research Report, published August 2014