Declared Value vs Total Sum Insured

November 15, 2025

What’s What in Property Insurance: Declared Value vs Total Sum Insured

These two terms sound similar but mean very different things – and understanding the distinction could save you thousands.

Declared Value – the estimated cost to rebuild your property from the ground up, including demolition, debris removal and professional fees.

Total Sum Insured – the maximum amount your insurer will pay, usually higher to account for inflation and rising costs.

If your figures are outdated, you risk underinsurance – meaning your payout may not cover the full cost of rebuilding.

Regularly reviewing your values with a professional rebuild cost assessment helps ensure you’re properly protected.

Need a sense check? We’re happy to help you review your property sums insured.

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