How to assess the value of the belongings in a homeRead here to know how to assess the value of the belongings of your house.
Apnainsurance.com Research Bureau
02 Jan 2008
The value of the various belongings in your house is
assessed as per their individual market value i.e. the cost of buying a similar
new item, after deducting appropriate depreciation based on the age of the
item. This includes domestic and electronic appliances, furniture, jewelry, and
personal effects. For example, if you were to claim against the theft of a
household appliance, the claim amount would be the value of purchasing a
similar new item after deducting depreciation based on the appliance's age when
it was stolen.
How to assess the value of a house