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Contents Sum Insured Calculator
Calculating your contents sum insured
For contents insurance in New Zealand, it's crucial to determine the total value of your belongings to set the right cover amount. This sum is the maximum your insurer will reimburse for contents loss.To calculate the value of your home's contents, you can utilize a contents insurance calculator. The Contents Calculator offers a free online service that helps estimate the total worth of your personal and household items. Access this tool using the provided link below.
Benefits of using the Contents Calculator
Free to use
The contents calculator is typically available for free, enabling you to accurately assess the total value of their belongings without incurring extra costs for valuation services.
Pay the right premium
By delivering an accurate valuation of contents, the contents calculator ensures that you pay a premium that truly reflects the value of their possessions, avoiding overpayment or underpayment.
Avoid underinsurance
Precise valuation from the contents calculator helps prevent underinsurance so that you have adequate coverage to replace their belongings in the event of significant loss or damage.
Limitations of the Contents Calculator
The contents calculator should not replace professional guidance. It offers only an estimate, and the decision to use this estimate is up to you. The tool might also overlook specific details that could affect the total value of your contents, like luxury items or high-value collections. For the most precise valuation of your personal property, getting an insurance appraisal from a certified valuer is advisable.
How does the Contents Calculator Work?
Here’s how it works:
- You give your home address.
- The contents calculator shows a list of items in your home and suggests how much it would cost to replace them.
- You can agree with this suggested cost or change details if you think they’re not right. The contents calculator will then update the cost to match your changes.
- If you want to get more specific, you can look at a detailed list of your items and change the costs for each one. The contents calculator will then calculate a new total cost.
