Work out contents insurance value instantly with clear inputs, formula shown and shareable results.
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.
Replacement cost
New-for-old = Furniture + Electronics + Clothing and personal effects
Indemnity value
Indemnity = Replacement cost x (1 - Depreciation %)
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.
New-for-old for anything you would actually have to replace. Indemnity only makes sense where you would not replace like for like.
Usually not. Jewellery, art and collectibles need separate declaration and often individual valuations with specific single-article limits.