News

  • Data reveals extent of rising replacement costs July 4, 2018 - A new report is highlighting the rising cost of replacing home contents after analysing figures from the past 10 years and comparing them to recent data. According to specialist research firm Sum Insured, it now costs almost $15,000 more to replace the contents of a typical home than it would have done in 2007. There has even been a notable ...
  • Tool launched to help brokers reclaim domestic market February 3, 2018 - Sum Insured has launched a new online calculator designed to improve efficiency and reduce underinsurance for broker clients. The new tool, called Contents Insurance Replacement Cost Address (CIRCA), allows clients to receive an estimate of their home contents cost using only their address. Mike Bartlett, commercial director of Sum Insured, said that the tool could help brokers win back market ...
  • Australians plug in for more home electronic equipment August 4, 2017 - Australians appetite for computer and electronic equipment continues, according to Sum Insured’s annual Australian Residential Contents Index (RCI). Sum Insured’s Residential Cost Index (RCI) research measures the movement in home contents replacement costs in Australia. The latest RCI revealed replacement costs fell marginally by 0.3% in the 12 months to July – a year after rising by 3.4% in 2015-16. ...
  • Home Contents Update October 25, 2016 - Don’t forget to insure the things you don’t see everyday! Sum Insured specialises in the research and production of building contents replacement cost information and web based expert calculation systems that help people to correctly insure their homes and in so doing avoid the financial difficulties that can result from being underinsured. With the summer approaching many people’s minds start ...
  • Contents insurance is a dangerous guessing game for Aussie households June 17, 2016 - EXCLUSIVE SEVEN out of 10 Australians are putting tens of thousands of dollars at risk because they guess the value of their home’s contents for their insurance. And almost half of them have no idea how much their stuff is worth or believe they have underestimated its value, according to new research by Understand Insurance. It also found that 53 ...