There’s no easy way to calculate the value of the items in your home that need to be insured. The only way is to walk through your home and put together an inventory of the items that you have in each room and adding them up.
Remember to use the cost to replace the items as new, not their original cost or value now – for some items this will be higher than you paid originally and others it may be lower – this will be particularly the case in respect of technological items.
To make it easier for you to work out the amount of cover you will require, we’ve created a contents insurance calculator. Simply enter the total amount of items that you have in each room and the contents calculator will add them together to produce a value for each room type and show an overall total.
This is a good way to work things out as it will help you to remember items in each area of your home.