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How to assess the value of the belongings in a home

Read 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.

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How to assess the value of a house

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