Your insurance company and or Broker will ask you the following questions:

- What is the value of you house or business content

- What is the value of your buildings

- What is the vehicles you own and what are the values.

Normally this is the part where you are uncertain about what you own in regard to the contents of your house and business. By estimating the value of the content you can make a very serious mistake in under valuing your assets. This in fact will leave the door wide open for you to be underinsured and to fall victim of averages. Read more about averages...

The purpose of the averaging clause is to ensure that in the event of a claim, insurers are not prejudiced by under-insurance.

If you are uncertain about the value of your property you can compile your own asset register, building valuations and do you own vehicle inspections. Alternatively you can ask NID to do it for you and we will send one of our Risk Surveyors to you. Request a service...