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Optional Extra

Complete Replacement Cover

Our best protection against underinsurance.

Available as an Optional Extra on our Home Building Insurance and Landlord Insurance policies

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Complete Replacement Cover

Home Building and Landlord Insurance Policies

With this Optional Extra you won't have a set sum insured limit for rebuilding your house. Once your claim is approved, we'll choose to repair or rebuild your house as it was or pay you the cash equivalent.

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This Optional Extra is exclusive to AAMI and gives you piece of mind that we'll repair or rebuild your house as it was or pay you the cash equivalent, without you having to set a specific sum insured limit.

  • Covers insured damage or loss to your home for the total amount it would cost us to repair or rebuild it

  • We'll repair or rebuild to the same size and standard of your current home or pay you the cash equivalent

  • Best protection against underinsurance

  • How does it affect my premium?

    It's easy to see the difference when you get a quote. To get the price for Complete Replacement Cover, simply add the option during the quote process.

This is just a summary. For full details about what is and isn't covered, check the PDS (Product Disclosure Statement) It's dry, we know, but it's essential reading.

Comparison to Sum Insured limit

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  • You set a limit

  • We pay up to that limit

  • Choose if you know how much it will cost to rebuild your home

vs vs vs vs


  • You don't set a limit

  • Best underinsurance protection

  • Choose if you’re uncertain how much it will cost to rebuild your home


How to get AAMI Complete Replacement Cover


Select the AAMI Complete Replacement Cover Optional Extra when you get an AAMI Home or Landlord Insurance quote. AAMI Complete Replacement Cover will automatically be added to your quote when applying.

Get an AAMI Home Insurance quote

Get an AAMI Landlord Insurance quote


Call us on 13 22 44 to add AAMI Complete Replacement Cover to your AAMI Home or Landlord Insurance policy.

You'll need your policy number

Customer Rewards

We’d like to introduce you to AAMI Lucky Club, a place where our customers come to get access to amazing experiences.

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