Learn more about your building sum insured and how we collect building information

Our easy-to-use online home insurance calculator can guide you through your assessment to work out the estimated cost of rebuilding your home. 

This calculator is simply a tool to produce an estimate, it cannot be guaranteed to produce an accurate result.

Remember, the calculator won’t take into account all potential rebuilding costs. Other costs to consider may include debris removal and architectural services if these surpass the 15% amount of your sum insured coverage. 

To get a more accurate cost, consider seeking the services of a relevant qualified professional, such an architect, builder, quantity surveyor, or valuer. 

You can select your sum insured from a range we provide. This is taking into consideration things like the location and size of your home, the number of rooms, construction quality and features like solar power or air conditioning as well as other factors. Your sum insured can be updated online or by phoning us.

Each year your sum insured is likely to change even if your circumstances haven’t. Factors like cost of building materials and to keep pace with inflation and other rising costs.

If you’re unsure whether the amount is correct or whether your sum insured is suitable for your situation, refer to the above FAQ “How do I select the most appropriate building sum insured?” for suggestions.

We collect information from yourself as well as publicly available resources, and from suppliers if we require more information about your property.

Our suppliers take aerial images of Australian homes and then use artificial intelligence to identify building attributes, such as pools or tennis courts. Similar aerial information – also known as geospatial data – is commonly used for things like Google maps GPS tracking, storm warnings, and weather maps. 

No. We can collect information directly from customers, publicly available sources and from suppliers when necessary. But don’t worry – we take privacy very seriously and go to great lengths to ensure the protection of our customers’ personal information. For more information on how we collect and use data, refer to the relevant AAMI Privacy Statement.