House insurance

Defining Your Coverage

Property owners play a vital role in determining the coverage they need by defining the Sum Insured—the amount they want to insure their property for. This sum should accurately represent the cost to reinstate your home in the unfortunate event of total destruction.

Inclusive Sum Insured

The Sum Insured encompasses various costs, including but not limited to:

• Removal of Debris
• Architectural Fees
• Surveyors Fees
• Council Fees
• Inflation
• Rebuilding the House with Outbuildings, Decks, and Swimming Pool (if applicable)
• Landscaping

Calculating Your Sum Insured

You have the flexibility to inform us of your chosen insured amount, use the free Cordell Calculator for assistance, or opt for precision by consulting a registered insurance valuer.

AMP Sum Extra Benefits

Providing us with a copy of the Cordell Calculator report or an insurance valuation comes with AMP SumExtra benefits:

• Full Repair or Replacement: In case of a loss caused by a fire or any non-natural disaster event, even if the cost exceeds your nominated Sum Insured.

OR

• Up to 10% Extra Cover for Natural Disasters: If your home is damaged or destroyed in a natural disaster or fire caused by a natural disaster, and your nominated Sum Insured falls short, SumExtra provides up to 10% extra cover.

(*Conditions apply – refer to the brochure for details)

Valuable and Free Benefit

This beneficial coverage is offered at no additional cost and remains valid for three years when you insure your house for at least Cordell Sum Insured or use a Registered Insurance Valuer (Replacement Value excl. GST as per Cordell Report). Ensure your home is safeguarded with the right coverage, providing you with financial security and peace of mind.