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Home underinsurance: how to estimate the value of your belongings properly
Declaring too low an amount can be expensive after a claim. Here is how to estimate inventory value and avoid inadequate compensation.
By Le Prix Malin - 10 March 2026
Estimating inventory realistically
Underinsurance happens when the declared value of your household contents is far below the amount needed to replace them. In a major claim, that gap can reduce compensation significantly.
A practical inventory should focus on replacement cost, not sentimental value. Furniture, appliances, clothes, electronics and everyday equipment add up quickly, so reviewing your amount regularly is essential after moving or major purchases.