House sum insured

What would it look like if you lost everything today?

Most Home Insurance policies in New Zealand are Sum Insured policies. The sum insured is the maximum amount your Insurance company will pay to rebuild your home after a total loss. So it’s important to be sure you have sufficient cover.

House Sum insured

Why your Sum Insured amount matters

Most Home Insurance policies in New Zealand are Sum Insured policies.  The sum insured is the maximum amount your Insurance company will pay to rebuild your home after a total loss.  So it’s important to be sure you have sufficient cover.)

  1. The estimated maximum amount it would cost to repair or rebuild your home if it was destroyed.
  2. It covers materials and labour as well as other costs like demolition, consents and other fees)
  1. The rateable value (RV) or the capital value (CV) of your home 
  2. The market value or the price you paid for your home.
  3. The value of the land)

Calculate your sum insured now. ​

Get a clearer estimate of your Sum Insured with the free, easy-to-use Cordell Sum Sure online calculator. Simply add in your address, check the details and download the results.

Update your policy

If your Cordell Sum Sure results estimate you are under-insured, then one of our Insurance Advisers will happily take you through your options so you can make an informed decision about any changes to your current policy.