Do you know how your contents are covered?
A lot of policies here in Spain offer replacement value - this would mean that replacement values would be worked out on how old the item was and in what condition and the cost of replacing new would be deducted by a percentage.
Check if your policy offers new for old - this means that you will receive the cost of replacing items at current new value, there are some exceptions to this cover, computers and clothing are examples where age would be taken into account.
Liberty Seguros policies are on a new for old basis
A lot of policies here in Spain offer replacement value - this would mean that replacement values would be worked out on how old the item was and in what condition and the cost of replacing new would be deducted by a percentage.
Check if your policy offers new for old - this means that you will receive the cost of replacing items at current new value, there are some exceptions to this cover, computers and clothing are examples where age would be taken into account.
Liberty Seguros policies are on a new for old basis
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