This calculator is provided by Cordell, a third party independent company who is a leading provider of building and construction information. The calculator is updated on a quarterly basis to ensure all the information is current. It uses general building information and costs to give you an estimate based on the information you provide. The calculator takes into account the likely rebuild costs of your home and other structures, as well as an allowance for additional costs such as professional fees and demolition.
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Please keep in mind that the calculator does have limitations. It may not be accurate for very large or high value homes, such as those that cost over $2 million to rebuild, and doesn't factor in many special features including:
- Areas of shared ownership, such as driveways and fencing that you co-own with neighbours
- Hard to access sections
- Houses with multiple construction materials (e.g. brick and weatherboard)
- Houses with mixed commercial and residential use.
It also doesn't take into account unique features such as bridges, culverts, permanent fords, dams, wharves, piers, landings or jetties and power generation or sewage treatment equipment.
The calculator gives an estimate only and you must decide if it is right for you. We recommend that you engage the services of a professional to obtain an insurance rebuild valuation, especially where you have special features like those mentioned above.