Contents & personal liability

Current value

The current value refers to the value that an object or item has at present. Home contents insurance usually covers furnishings at their original value. In some cases, however, it is possible that only the current value is covered. In such a case, the depreciation, which is due to wear and tear, age or other reasons, is subtracted from the original value (i.e. the amount needed to newly buy or recover an object of the same kind).