Your contents sum insured

Work out the value of your belongings.

Use the contents calculator

What does sum insured mean?

Your contents sum insured is the amount you choose to insure your belongings for. It should be enough to replace all your things if they get lost, damaged, or stolen.

Calculate your contents

Calculate the full value of your belongings using the independent calculator by Sum Insured*. This is ideal for both renters and homeowners who want to make sure everything they own is protected.

Use the contents calculator

What to include in your sum insured

Consider everything you’d need to replace if something major happened, like a big earthquake or flood. Think about things like your furniture, clothes, electronics, appliances, gardening tools, and even your rare stamp collection. Add up the value of all these items, including GST, to get your contents sum insured.

Ensuring the right cover

It's important to get your sum insured just right. If it's too low, you might not have enough cover to replace your belongings. If it's too high, you could be paying more than necessary. Using a contents calculator can help you find the right balance and get the cover you need.

Protection for your more expensive items

Some items, like jewellery, bikes, works of art, and cameras, have limits on how much we’ll pay in a claim. If their value is more than our policy limit, you can list them as ‘specified items’ to cover them for their actual value.  You’ll then have the protection you need in case you have to replace them.

When to calculate your sum insured

Purchasing a policy

When you purchase new Contents Insurance, it's important to accurately set your sum insured to ensure all your belongings are covered.    

Renewing a policy

When your policy comes up for renewal, it’s a good idea to review your sum insured. You can review it anytime in the AMI app or My AMI, your online account to ensure you’re fully protected.

After buying or selling belongings

If you’ve purchased new things, like furniture or technology, or sold a big-ticket item, like sports equipment, it’s a great time to update your contents sum insured. Just remember to account for inflation.

Use the contents calculator

*Things to know about the calculator

  • The Sum Insured contents calculator estimate is based on the value of new items. Our contents policies provide replacement cover for most belongings. If something can’t be repaired, we’ll replace it with a brand-new item.
  • If you’re a landlord, the calculator may not be suitable for your needs. Give us a call on 0800 100 200, and we’ll help you to work out the sum insured amount for your landlord’s contents. 
  • If you’re a student or flatting with others, only include your own belongings when you calculate your contents. You don’t need to account for your flatmates’ or landlord’s things.
  • The contents calculator can only give you a general estimate of your contents’ worth. It can’t give you personalised financial advice. You need to make your own decision about what your contents are worth and you can review and update this anytime you need to. 

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