How are my assets valued in a home insurance claim?

In accordance with the policy, the Insurer will consider the following guidelines when assessing the damage:

• For structure - including foundations but not the value of the land - the replacement value for rebuilding at the moment prior to the incident, using modern materials of equal performance, provided the insured has maintained the insured assets in a good state of repair or maintenance and the capital insured is consistent with the replacement cost.

In the event of partial damage, the damage assessment only covers the cost of repairing the damaged part.

• For furniture, appliances, personal and professional belongings, the replacement cost as new on the market, at the moment prior to the incident. If there is no equivalent on the market, other items with similar characteristics and performance will be used for the valuation.

Objects whose value does not depreciate over time (particularly jewellery, precious stones, fine pearls, paintings, sculptures, artistic objects and stamp and coin collections), at their sale value at the moment prior to the incident.

In the event of partial damage affecting collections, including stamp and coin collections, or any other object forming part of sets or groups, only the value of the part damaged, not considering any depreciation the collection, set or group of insured objects may suffer due becoming incomplete.