Home Insurance Sum Insured

• The Cordell Sum Sure Estimate is intended as a guide only based on current costs. It does not take into account individual design features, site specific conditions, structural conditions and materials, local planning laws or any other regulations and may not be suitable for your particular circumstances. The Cordell Sum Sure Estimate is an indicative guide only and must not be relied upon as an accurate representation of the costs associated with rebuilding your property or in lieu of appropriate professional advice.
• For a more detailed estimate of what your sum insured amount could be, please use the Cordell Sum Sure calculator. This tool is pre-populated with certain information but allows you to make adjustments and select the details which most accurately reflect your home. It has options to include features of your home such as retaining walls, permanently fixed swimming pools, fixed spa pools and tennis courts, which are not reflected in the Cordell Sum Sure Estimate.
• NOTE: The following home features are not included in Cordell Sum Sure Estimate OR the calculator:
  • Cable cars or their associated equipment
  • Wharfs, piers, landings or jetties
  • Private utility plants and associated equipment, such as wind and water mills, and diesel generators
  • Bridges, culverts, permanent fords or dams
  • Wells and boreholes, including their pumps, linings and casings
    
  If your home has any of these features, please contact us to discuss cover for them. You will need to provide a separate estimate of their cost to rebuild.

Tips for using the Cordell Sum Sure calculator:

• If your address can't be found and it includes a unit number (e.g. 23a), try different variations (e.g. 1/23, 23/1). If your address still can't be found, Cordell may not have details of the property, it may be a new subdivision, or the calculator is not suitable for the property at that address.
• Don't worry if the photograph doesn't match your house. The photograph might be different (e.g. your house is brand new, or there is an old photo, a boundary photo or street front photo), but the property details are based on the address not the photo.
• The calculator assumes an average floor area for any garages, sheds or pool houses/sleepouts, so if you have a particularly large, detached building you might want to select a sum insured higher than the estimate the calculator provides.
• If you're in the Canterbury area and your property has been identified as having a CERA technical category rating (foundation requirements), then an allowance will have been made for this. This is indicative-only and you should seek specific engineering advice for a reliable estimate of any costs.

Important to remember:

• The Cordell Sum Sure calculator provides an estimated sum insured for your home, but it is a guide only. You must make your own decisions on the sum insured that is appropriate for your circumstances. If you think your amount is not correct, you can change it online now.
  
• If your home has significant special features and fittings, was built to a superior standard, is very large or has a high value, or if you're unsure what to enter in the calculator, please consider contacting a registered property valuer or quantity surveyor who can provide a qualified opinion on your home rebuild costs.

The Cordell Sum Sure calculator is an independent tool. The information it provides is general information, is not a recommendation, opinion or guidance, does not provide any advice or opinion on the extent or adequacy of the cover provided by sum insured insurance, is not financial advice and does not take into account your particular situation.

This calculator has been customised for ASB, so it's important that you use the calculator provided by your insurer. The ASB Cordell Sum Sure calculator adds GST to the estimate it produces because your ASB sum insured is an amount which needs to include GST.

We may use the Cordell Sum Sure calculator to provide us with data about your property, for example the slope of land, roof and wall construction, and number of storeys in the home. It is your responsibility to tell us if you think the information is incorrect.