PRACTICAL GUIDE
How to value property for insurance
An accurate value matters because of limits and the risk of underinsurance.
Step by step
- Separate the building from household contents.
- Check replacement value versus actual value.
- Include costly equipment that may require separate limits.
- Update the value after renovation.
- Check indexation during the policy term.
How to use this guide
This checklist helps you review your own documents. It does not assume that any product is better or that a particular event is covered.
Information only — not a sales platform. We do not sell policies, send insurer enquiries or rank a 'best' offer. Actual coverage is governed by the offer, IPID, contract and insurer's terms.