Does an indemnity policy for contents always mean the value of the things you own will be depreciated?
Answer: No, it doesn’t. However, the ‘basic’ policy offered by an insurance company will generally use depreciation. This level of coverage is the lowest cost and is most ‘generally’ sold by the insurance companies.
The only way to get a policy, which does not depreciate the value of your possessions, is to specifically ask for this level of coverage. Be warned: It will cost you more.
Rate this Post:
Comment Notification
If you would like to receive an email when updates are made to this post, please register here
Subscribe to this post's comments using
