What should I know about a Content Value Meter?
When you are looking into contents insurance, you will frequently come across the term "contents value meter.
What is a contents value meter?
The contents value meter can help you calculate the value of your contents in an easy way. It is really meant as a tool. The inboedelwaardemeter is based on various studies into the value of the contents of a large number of households in the Netherlands.
When to use a contents value meter?
The content value meter is often used when taking out a new content insurance policy. It is also used in the event of changes to a current household insurance policy, such as when moving house.
To be eligible for a guarantee against underinsurance, you often have to fill out the contents value meter when taking out the insurance. The amount that comes out of the contents value meter determines the insured amount and thus the cost of contents insurance.
What is guarantee against underinsurance?
The insurer assumes that the value of your household contents is X euros. If it turns out that this value is lower than the actual new value of the contents, you are underinsured. You will then only receive partial compensation for the damage.
To avoid this, you can take out insurance with a guarantee against underinsurance.
How does a contents value meter work?
Based on the age of the breadwinner, the composition of the household, the net monthly income of breadwinner and the area of the house, a certain number of points are assigned. This number of points are multiplied by an amount in euros. From this comes the estimated value of the household contents.
Additional points must be added when you own a lot of audiovisual and computer equipment (over €12,000), when you own body jewelry (over €6,000), when you have more than €15,000 in special possessions, and when you have a tenant's interest greater than €6,000.
What is considered special possessions?
Examples of special possessions include art objects, antiques, a collection of collectibles and musical instruments.
With the contents value meter, what is meant by tenant's interest?
These are improvements or changes made by you to the rental property. You must have paid for these yourself. Examples include a new kitchen, new bathroom, flooring, sheds
Can everyone use the contents value meter?
With a net monthly income of more than €4,850, the household effects meter cannot be used. Also when the living space is larger than 300m2 the household effects meter cannot be used.
Is a contents value meter valid forever?
Often the insurer will ask you every 5 years to fill out the contents value meter. This will also be asked when you move house or after a claim. The advantage of this is that you do not have to report all kinds of purchases for your household contents in order to be adequately insured, provided there is a guarantee against underinsurance, of course.
What is the difference between a contents value meter and a contents inventory list?
With a household inventory list, you literally find out the value of your household contents by listing everything you have. As you can imagine, this is quite a bit of work and there is also a chance that you will forget things.
Insurers have responded to this with the household value meter: the value of the household contents is estimated fairly simply, which saves a lot of work and time. In combination with the clause guaranteeing against underinsurance, the household value meter is a good alternative for the household inventory list. Click here to download a household value meter.
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