The sum insured should be the full replacement cost of rebuilding your home using new materials at today's prices, and is the most that will be paid to settle your claim in the event of a natural hazard.
What Sum Insured should cover
Your home includes the main building and any features such as garages, domestic outbuildings, pergolas, fences, swimming pools, concrete paths and paving.
The estimate provided
The basic list of questions we ask help us provide an indicative estimate only (based on typical building replacement costs), and are not the full list required for a more accurate estimate.
Typical building replacement costs are provided by an independent company called Cordell, a CoreLogic business. Whilst they take care with the information they provide as a guide for costing, no responsibility is accepted by Cordell or CoreLogic for its accuracy.
We advise that you obtain your own, more customised estimate through the full version of the Cordell Sum Sure Calculator*, or by contacting an architect, builder, quantity surveyor, valuer or other suitably qualified professional.
AA Insurance accepts no liability for the costs provided, or for the accuracy of, or reliance on the costs.