This section determines the maximum amount the insurance company will cover and directly affects your policy price, as it’s calculated based on a percentage of your total insured amount for each selected policy.
Exclude the land value from your building estimate and focus on the cost to rebuild in the worst-case scenario.
For contents, a simple estimate is 10% to 15% of your building value.
Stock coverage applies to businesses such as restaurants, offices, or factories with goods in transit.