How to plan a home and contents replacement amount

Separate four layers first

• Building reconstruction: counted only after you confirm responsibility
• Renovations and non-building fixtures
• Movable contents such as furniture, appliances and electronics
• Personal belongings, shown as a separate subtotal

Purchase price, land value and possible sale price are not reconstruction cost. For the inventory, use current replacement amounts you choose rather than resale values.

HDB and tenant modes

HDB says its fire scheme covers building structures, fixtures and fittings provided by HDB or its approved developers, but not furniture, renovations or personal belongings. Actual coverage remains controlled by current documents. Tenant mode excludes building reconstruction and totals only the tenant-entered renovations, contents and belongings.

Condominium and strata homes

GIA states that the MCST must insure strata-titled buildings for property damage. BCA regulations also show that later owner improvements or fixtures may not automatically form part of the subdivided-building calculation. Check MCST and policy records to avoid duplication or omission.

Simplified landed-home method

GIA’s general example assumes professional fees at 10% of the subtotal, debris removal at 5%, and then 9% GST. GIA stresses that this is a simplified example; a qualified property valuer or quantity surveyor may be needed for a more accurate amount.

Neutral comparison and privacy

If you confirm an existing sum insured, the calculator shows only the arithmetic estimate-minus-existing-sum difference. It does not interpret that difference as underinsured, overinsured, suitable or unsuitable. Profile save-back offers aggregate amounts and a review date, not named or item-level possessions.

Tool boundary

• Does not determine who is legally or contractually responsible for the building
• Provides no insurer quote, claim estimate or product comparison
• Does not rank or recommend insurers, policies, purchases, switches or cancellations