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Market: Commercial contents insurance
End Users: Business owners
Format: White labelled standalone web calculator
Model: Farm Contents Net®
Farm Contents Net is a web-based tool that enables users to quickly and easily calculate the correct replacement cost of the contents of their farming business.
It helps users, insurers, agencies and brokers to cover a farmer’s contents for the correct replacement cost, minimising risk and simplifying the insurance purchasing process.
Unfortunately most farms are underinsured so at claim time, the farmer does not receive their full replacement cost and and will naturally feel let down. Equally, the insurer, broker or agent has missed out on collecting the correct premium for years while facing a freshly disappointed client.
Add Farm Contents Net to your quote and renewals process to reduce potential client disappointment.
After completing a series of questions, Contents Net® analyses key pieces of inputted data including:
The Contents Net model includes a vast pool of pricing and statistical data, machine learning and unique Ai capabilities. It presents users with a replacement cost estimate based on a detailed inventory list of items, quantities and prices.
Users can review and edit as required, before downloading their bespoke Sum Insured report informing them of their recommended level of coverage.
Each day thousands of people across Australia and New Zealand review their property insurance, whether they are taking out insurance for the first time, renewing with their existing insurer or checking the market for options.
At Sum Insured, our proprietary models power most insurers across Australia and New Zealand, so when consumers review their insurance needs, the chances are they’re doing so using one of our models.
Our research indicates that 65% of households are underinsured, presenting a range of risks for both household and insurer. That’s where our models can help, creating more certainty, reducing risk and improving outcomes.
The Farm Contents Net model covers a wide range of farming including:
Our inventory system includes over 2,000 items in 36 separate categories priced in three statistical grades. Inventory lists are automatically generated with users able to add, change and delete items.
Users are also able to add product information including make, model and serial number data, they can even add images. Changes can be saved to the cloud and accessed using a secure log in.
Farm Contents Net® is available as a white label, fully customisable web based standalone calculator. It can be linked to any insurance or financial services web site providing users with a powerful tool to calculate and manage their commercial contents information.
Contact us to see how the Farm Contents Net model can improve your businesses outcomes.