What is average value of contents of 4 bedroom house in Australia is $100,000 to $180,000 for average family, with many underinsuring at $50K, according to Insurance Council and insurer calculators. Breakdown for 4-bed house with 2 adults and 2 kids: lounge $15K to $25K including sofa $5K, TV $3K, rug $1K, entertainment $2K, dining $8K to $15K table $3K, chairs $2K, kitchen appliances fridge $3K, dishwasher $1.5K, oven $1K, small appliances $2K, total $10K to $20K, 4 bedrooms furniture beds $2K each $8K, mattresses $1K each $4K, wardrobes $1K each $4K, bedding $500 each $2K, total $20K to $35K, clothing $20K to $30K, electronics computers $2K each $6K, phones $1K each $4K, tablets $500 each $2K, gaming $2K, total $12K to $20K, laundry and garage tools $5K to $10K, jewellery $5K to $15K, miscellaneous $10K. Total $100K to $180K, with high-end homes $200K to $300K if designer furniture and expensive electronics. Insurers like NRMA suggest $130K for 4-bed average. So average contents value for 4 bedroom house is $120K to $150K, and you should use calculator and list valuables over $1,000 to avoid underinsurance penalty where insurer only pays proportion if underinsured.
1 votes
Marked as accepted