Most insurance policies pay out or carry out the works up to a set financial limit following an insured event. This is called the sum-insured and represents the maximum value of your policy. Choosing the right sum-insured for your property and contents is important. If you’ve undervalued your assets, you could be left out of pocket if you need to rebuild your home or replace your belongings.
There is much more to protecting the investment that your business is to you than simply insuring the physical assets of the business. Use this calculator as a guide as to the amount you may need to insure under business interruption section of your policy.
The results from these calculators are an approximate guide only and should not be taken as advice or a recommendation to acquire any product or level of insurance cover. Regarding the Home & Contents building calculators, typical building replacement costs are provided by RP Data Pty Ltd t/as CoreLogic Asia Pacific (ABN 67 087 759 171) (“CoreLogic”) and typical building contents replacement costs are provided by Sum Insured Pty Ltd (A.B.N. 55 947 630 521) (‘SI’). Whilst every care is taken to ensure the accuracy of the information as a guide for costing, no responsibility is accepted by either Cordell or SI for its accuracy. Please check with an Architect, Builder, Quantity Surveyor, Valuer or other suitably qualified professional for an accurate estimate and consider whether you need to obtain financial advice before selecting an insurance product suitable for you.
The MSM BI Calculator is a generic electronic system to assist you and your organisation in calculating declared values, limits and sub-limits for the Business Interruption Policy. MSM make no representations regarding the correctness of the calculations or the conclusions reached. It is your responsibility to collect and input the correct data and verify the Policy wording to be utilised. It is agreed to hold Grange Insurance Solutions harmless for any loss occasioned by any person or organisation using this calculator. Aviso Group Pty Ltd and O’Donohue Nominees Pty Ltd trading as Grange Insurance Solutions takes no responsibility for assessing the suitability of any calculators for your own requirements. You agree that your use of calculators is at your own risk. By viewing or using this calculator(s), you are deemed to accept the above.