By Buildings we mean the actual structure of your house including all fixtures and fittings, outbuildings, garages, greenhouses, photovoltaic panels, solar water heaters, swimming pools, terraces, patios, driveways, footpaths, walls, gates, hedges and fences. The value to be insured is the cost of rebuilding the home as new and not its current market value. The insured value must neither include the value of the land or site upon which the home is built.
Contents includes all the items in your home such as furniture, furnishings, carpets, floor coverings, household appliances and equipment, linen, cooking utensils and provisions, collections, toys, garage equipment, garden equipment, radios, video cassette recorders, Hi-Fi equipment, home computers, frozen foods and provisions, sports equipment, cycles, furs, jewellery, watches, cameras and other valuables.
The basis of cover under this section is on a new for old basis and the sum insured must therefore represent the cost of replacing all the contents of your household as new.