The sum insured is the sum specified in the insurance policy, which is due when the insured event occurs. The parties are free to agree on an insurance sum, but with property insurance this is usually based on the property's value.
The sum insured proposed for contents insurance covers the so-called basic household contents. The basic household contents include furniture and fitments, curtains, household machines and devices, crockery, bedding, clothes, shoes, comestible goods and emergency supplies.
The sum insured for the basic household contents is based on the number of rooms, the standard of furnishings and the number of persons living in the household. In case of special furnishings, it is recommended to adjust the sum insured accordingly.