Market Value Replacement Items
The majority of your contents under the initio owner occupied contents policy are covered on a new-for-old basis. The only items covered for their market value are listed below. All other contents items under the policy are covered for new replacement.
|Market Value Replacement Items:|
|Clothing & Footwear|
|Media, Software, Programs and Digital Data|
|Camping and Sports Equipment|
|Boats & Boating Accessories|
|Remote Airplanes, and Accessories|
|Computers, Laptops over 5 years old|
Don’t worry, you’re still covered for these items. This simply means a depreciated payout will be made based on the item’s age and second-hand value.