safeguard.com.au

I haven’t checked the replacement value of the property in some years, but my friend says the insurance company automatically increases the replacement value each year? Is that right?

Unfortunately most home owners are underinsured meaning that annual increases still won’t be sufficient if you are starting from an incorrect figure. We recommend you utilise our home replacement tool to assist as a guide in calculating your home sum insured or contact a quantity surveyor to receive an actual building replacement cost assessment.