Home contents calculator | John Lewis Money (2024)

FAQs

How to calculate contents for home insurance? ›

The best way to calculate the value of your home's contents:

go through each room and don't forget to include items in attics, basem*nts, sheds and garages. if you do not have receipts for all your possessions use the internet or shopping catalogues to help you work out the cost of each item.

Add up the Estimated Cost of Every Item

There are several online calculators that can be used to provide a rough estimate for items like clothing, books, tools, and bedding. With the cost of each item accounted for, it is time to add up the total value of your home's contents.

It's important that you don't underestimate the cost of your house contents. If you do, you'll find yourself out of pocket should you ever need to make a claim on your contents insurance. According to the Association of British Insurers, the value of the contents in an average three bedroom family home is £55,000.

To claim or not to claim? Before filing a claim, consider the cost of the excess and the potential for premium increases against the cost of the damage. In cases of minor damage, it might be more economical to handle the repairs yourself to prevent future hikes in insurance rates.

How to Find What Something Is Worth. Pull up recently sold listings for comparable items on eBay to get a sense of the value of your item. You can also check online collector's sites, Google Lens, and digitized databases if the market for your item isn't that deep.

To provide an accurate estimate of the home's contents, the homeowner should make a list of all of his or her possessions in each room; estimate the value of each item; get current valuations of high-value items such as jewellery; and add up the cost of all the items.

It is a good idea to take out home contents insurance to cover your possessions against fire, theft and other risks, such as accidental damage. If something happens to destroy or damage your possessions, it can cost a lot of money to replace these items.

Average cost to furnish a 1 bedroom house: $6,000-$17,000. Average cost to furnish a 2 bedroom house: $11,000-$22,000. Average cost to furnish a 3 bedroom house: $16,000-$27,000. Average cost to furnish a 4 bedroom house: $31,000-$32,000.

How much does the contents of a 3 bedroom house weigh? ›

The average weight of the belonging of a family with a three-bedroom house is 7,000 pounds. These are the values that we will base our estimates on. Further on, the cost of a move depends a lot on other factors, like distance, weather, season or time of the month. A three-bedroom house can be small-ish or huge.

Contents insurance, also called personal property insurance, provides coverage for your personal belongings up to your policy limits. Most home insurance policies include contents insurance at 50-70 percent of the dwelling coverage amount that's listed on your policy.

Contents insurance helps pay to replace or repair your personal belongings if they're stolen or damaged by a covered peril, such as a fire. So, if someone breaks into your home and steals your laptop, or your clothing and furniture are ruined in a fire, you may find that contents insurance helps cover the loss.

Determining coverage amount

You should have enough contents coverage to replace everything in your home if it were to burn down. Consider all your belongings, including appliances, electronics, and personal items. You have two options for coverage: Actual cash value (ACV): Accounts for depreciation.

Contents insurance covers the contents of your home, including items such as televisions, laptops and kitchen appliances. It provides you with peace of mind in the event of any loss or damage to your home contents.