Contents Inventory Loss Calculator
Estimate the total insurable loss value of your contents inventory by entering item details below. The calculator applies depreciation and compares against your policy limit to determine your net claim amount.
| # | Item Description | Category | Replacement Cost ($) | Age (Years) | Useful Life (Years) | Qty |
|---|
Formulas Used
Depreciation Rate = min(Age ÷ Useful Life, 0.90) [capped at 90%]
Actual Cash Value (ACV) = Replacement Cost × (1 − Depreciation Rate)
Item RCV Loss = Unit Replacement Cost × Quantity
Item ACV Loss = Unit ACV × Quantity
Total RCV / ACV = Σ (all item RCV or ACV losses)
Covered Amount = min(Gross Loss under chosen coverage type, Policy Limit)
Net Claim Payout = max(Covered Amount − Deductible, 0)
Assumptions & References
- Depreciation is calculated using the straight-line method and capped at 90% of replacement cost, consistent with industry practice.
- Useful life values per category follow IRS Publication 946 and standard insurance adjuster guidelines (e.g., NAIC, ISO).
- RCV policies pay the full cost to replace an item with a new equivalent; ACV policies deduct depreciation before paying.
- The deductible is applied once to the total claim, not per item.
- Jewelry, collectibles, and high-value items may require a separate scheduled rider — consult your insurer.
- This calculator provides an estimate only. Actual claim amounts are determined by your insurer's adjuster and policy terms.
- References: Insurance Information Institute — Home Inventory; NAIC Consumer Guide to Homeowners Insurance.