Contents Insurance Value Calculator

Work out contents insurance value instantly with clear inputs, formula shown and shareable results.

About Contents Insurance Value Calculator

Contents can be insured new-for-old, where the insurer pays replacement cost, or on an indemnity basis, where depreciation is deducted. New-for-old costs more in premium but avoids a shortfall at claim time — the difference is exactly the depreciation figure shown here.

Formulas

Replacement cost

New-for-old = Furniture + Electronics + Clothing and personal effects

Indemnity value

Indemnity = Replacement cost x (1 - Depreciation %)

Worked example

With the default values below, Contents Insurance Value Calculator returns Sum insured on a new-for-old basis of $1,600,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Furniture, appliances and fittings: 900,000
Electronics and gadgets: 450,000
Clothing and personal effects: 250,000
Deduction if insured on indemnity (market value) basis: 25

Results

Sum insured on a new-for-old basis: $1,600,000.00
Sum insured on an indemnity basis: $1,200,000.00
Deduction under indemnity basis: $400,000.00
Electronics share of contents: 28.13%

Step by step

1Values used
2Replacement cost
3Indemnity value
4Sum insured on a new-for-old basis= 1,600,000.00
5Sum insured on an indemnity basis= 1,200,000.00
6Deduction under indemnity basis= 400,000.00
7Electronics share of contents= 28.13

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

Frequently Asked Questions

Which basis should I choose?

New-for-old for anything you would actually have to replace. Indemnity only makes sense where you would not replace like for like.

Do valuables belong here?

Usually not. Jewellery, art and collectibles need separate declaration and often individual valuations with specific single-article limits.