What is 'Sum Insured'?

Your Sum Insured represents the maximum we would pay out on in the event of a loss to the item insured.

Vehicle Sum Insured

Due to the value of cars, vans and utes changing over time, we’ve partnered with an independent service to provide improved vehicle estimate ranges to help you to select a market value Sum Insured for your vehicles.

If you need to adjust your sum insured value to account for unique features specific to your vehicle, such as condition, kilometres travelled and/or accessories/modifications you can do this online via FMG Connect or by calling us on 0800 366 466.

Building Sum Insured

It's important to ensure your home's sum insured is enough to rebuild should you need to. Have you done renovations recently? Have building and supply costs increased?

Our Sum Insured factsheet for your home

side view of a light brown weatherboard house

You can update your vehicle and house sum insured (and much more) in FMG Connect, our online service.

Home Cover for your house, garage, gates, fences, pools, and tennis courts.

Private vehicles Cover for the vehicles that get you from A to B, as well as vehicles like horse floats, trailers, and caravans.

Household contents Cover for your household contents and personal items at home and while you’re out and about.

Boat Cover for recreational boats, jet skis, dinghies, and inflatable watercraft.

Your Sum Insured represents the maximum we would pay out on in the event of a loss to the item insured.

Vehicle Sum Insured

Building Sum Insured

Keen to talk to one of our FMG advisers?