Your house and contents should be insured for its full replacement value. The cost of replacement of the house is different to the market value and the cost of materials has increased quite a lot lately. Contents are insured ‘new for old’ so replacement cost is what it would cost to replace the item today, not what you paid for it perhaps many years ago. If needing to buy from overseas the replacement cost would also include shipping and duty. Please contact a customer representative if you are in doubt. Our team is ready to help you to make the right decisions.