Value what's inside the house.
A worked example
Starting figures
- Furniture
- $14,000
- Electronics
- $6,500
- Clothing
- $4,000
- Jewellery & valuables
- $5,200
- Other
- $3,000
What it returns
- Cover needed
- $32,700
- Specified items
- $5,200
- Underinsurance risk if cover is 20% low
- $6,540
How to read the results
With the defaults above, cover needed works out at $32,700.