Friday, April 26, 2019
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How do I calculate the value of my home contents?

Walk from room to room, even including the loft/roof area, the garage and the shed. Write down each and every item of worth and what it would cost to replace every item, new, at today's prices.

Even with a 'replacement as new' policy, you should always deduct a bit from clothing and household linen values to allow for depreciation. A man's suit is usually deemed to have a life-cycle of around five years. Therefore, for every year you have owned a suit you should deduct one fifth of a new suit's purchase price.

Where it is difficult to establish the correct value of the item, for example with Antiques, an expert valuation should be considered especially if the item is really valuable. This will also avoid disputes with the insurance company if there is a claim.

* Terms and Conditions: Only confirmed sales from the following products will be accepted: breakdown, car, home, landlord, life, public liability, pet and van insurance. We will verify all sales and your name will only be entered should the insurance remain in place for at least 3 months. All sales will be checked against the advertiser databases and only those confirmed will enter the draw. We reserve the right to decline entry for sales that have been cancelled.

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