Indemnity Policy - DepreciationDoes 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.