Irish Calculators
Insurance planning

Home Contents Replacement Value Calculator

Add the replacement cost of belongings from your own inventory and prices. The total is an input for considering cover, not an automatic appraisal or an insurance premium.

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Your numbers

Each line: room, item, quantity, replacement price per item. One line per distinct item; no commas within names.
Your figures stay on this device.

How the calculation works

A contents inventory makes replacement costs traceable to individual belongings and rooms. This calculator adds the quantities and prices you supply, helping identify omitted items without attempting to appraise them or price an insurance policy.

Inventory value = sum(quantity × replacement unit price), with separate room subtotals.

  1. List replacement items

    Work through each room and record movable belongings rather than the building itself. Use a consistent current replacement-price basis for comparable items.

  2. Extend quantity by unit cost

    Multiply the whole number of items by the replacement price of one item. If two items have different prices, list them distinctly instead of assigning an unexplained average.

  3. Review rooms and the overall total

    The tool sums extended values by room and across the inventory. The item count totals quantities, so a line containing several identical items counts all of them.

Worked example: Room inventory subtotal

Sample inputs demonstrate the method. They are not a forecast or product offer.

The first example lists one sofa at €1,000 and two beds at €500 each. The living-room subtotal is €1,000 and the bedroom subtotal is another €1,000. Total replacement value is €2,000 across three individual items.

Contents inventory
Living room,Sofa,1,1000 Bedroom,Bed,2,500

Expected result

Total replacement value
€2,000.00
Number of listed items
3
Worked example: Free replacement value is an explicit zero

Sample inputs demonstrate the method. They are not a forecast or product offer.

Contents inventory
Study,Desk,1,0 Study,Chair,3,100

Expected result

Total replacement value
€300.00
Number of listed items
4

Understanding your result

The result is the replacement value represented by your list. A room subtotal can help you revisit omissions, but an unlisted room or item contributes nothing automatically.

This inventory is not proof of cover. Specialist belongings and high-value articles may require an independent valuation or different treatment under a particular policy.

Questions you might have

Should I include the house itself?

No. Building reinstatement cover is separate from movable household contents.

What about jewellery or specialist items?

Use a supported replacement value and check the insurer’s individual-item limits or valuation requirements.

Choosing the right inputs

Contents inventory
Use one line per distinct room/item combination: room, item, whole quantity, replacement price per item. Keep commas out of names and amounts, omit headings, and combine duplicates or give genuinely different items distinct names.

Common mistakes to avoid

  • Do not mix second-hand resale values with new replacement costs unless you deliberately want a mixed basis.
  • The house value, building reinstatement work and an insurance premium belong outside the contents inventory.

Assumptions to check

  • No automatic appraisal, depreciation model or insurance premium is provided.

Sources and method

Read our calculation and testing approach.