Definitions for "Sum Insured"
Keywords:  rebuild, bonuses, assur, claim, maximum
The amount an insurance policy pays out.
is the monetary limit of liability of insurers under a policy.
The amount for which each section is insured as shown in the schedule or as notified to you at renewal.
The sum insured should be the total cost of replacing all contents as new, including furniture, clothes, jewellery, kitchen utensils etc.
This should be the total cost of replacing all contents within the property as new. This would include everything within the house such as clothes, jewellery, furniture etc.