Home contents replacement value

Enter the basis your policy uses. Replacement cost pays what a new equivalent costs today; actual cash value pays that minus depreciation, which on a five-year-old sofa can be most of the value.

Usually not. Standard policies apply sub-limits to jewellery, watches, art, collectibles, and cash that are far below the overall contents limit. Those items generally need scheduling separately.

Because replacing everything at once is very different from what you paid over a decade. That is exactly the number a total loss would require, which is why the room-by-room walk matters.

Walk room by room and record what a new equivalent would cost today, not what you paid or could sell it for. The category totals here give you a defensible starting point for a policy limit.

Yes, up to the policy's contents limit, though some policies cap payouts on individual items or require scheduling for high-value electronics. Check the sub-limits and deductible that apply.

At least once a year, and after any major purchase or move. Keep the list and photos outside the home, in cloud storage, so they survive the loss they document.

No. They are educational estimates based on the inputs and assumptions on this page. Confirm important decisions with a qualified professional and your own documents.