Your Sum Insured is the amount for which you choose to insure your home, and is the maximum we’ll pay to repair or rebuild it, or the maximum cash settlement we will offer. Being under-insured can cost you if there’s ever an incident, and being over-insured may incur needless extra premium payments, so it’s important to be accurate. If you need help calculating a precise value for your home, consider getting advice from an architect, builder or other qualified professional.
Or, consider AAMI Complete Replacement Cover. With this optional extra you won’t have a set sum insured limit and if your home is damaged or destroyed by an insured event, once your claim is approved, we’ll choose to repair or rebuild your house or pay you the cash equivalent. An additional premium applies.