Tally estimates the replacement cost of your home contents using information supplied by Sum Insured Pty Ltd, New Zealand and Australia's leading provider of home contents cost information.
The average values used in Tally are the midpoint between “average standard” and “quality standard” contents replacement costs of a typical two-person household, consisting of two 25 to 35 year old adults, with no children residing in a two bedroom, single bathroom, single garage dwelling. Specific huh! “Average standard” represents the most economical home contents items and equipment available, whereas “quality standard” includes above average quality items. The maximum values used in Tally represent “prestige standard” (most pricey) contents replacement costs.
When you have contents insurance, choosing the right level of cover is important to reduce the risk of not being fully insured (we call that underinsured) – and to avoid any surprises in the event that you need to make a claim.
The items shown in Tally are some of the most common contents items. But chances are you have more stuff than the items shown.
The full cover option. Set the maximum amount that all your contents are insured for – that’s your total sum insured. In most cases we’ll either repair an item or replace it with a new one, regardless of its age. Certain types of items have set limits but if yours are worth more let us know and we can increase the limit, so you are fully covered. Also includes cover (up to $1,000,000) in the event you are held legally liable for accidentally damaging someone else’s property or causing them injury – even when you’re away from home. Find out more.
The budget friendly, basic level of cover. Ideal for covering your stuff for specific events like fire or theft. A straightforward policy covering your contents for present value. Also includes cover (up to $1,000,000) in the event you are held legally liable for accidentally damaging someone else’s property or causing them injury – even when you’re away from home.