In home insurance, how do they calculate wear and tear?

dacouch

inoutnotsure wrote: »

Not quite sure what you mean. But to clarify, my understandins is that wear and tear applies in both buildings insurance and also in contents insurance.

You are right if you mean carpets and curtains are not normally included under contents insurance (assuming this because this bike matter relates to contents side), but the wear and tear policy still applies to carpets and curtains under the buildings side. My comments were just generalisation.

Carpets and curtains are not classed as Building. Most Insurers do not deduct wear and tear for claims for carpets and curtains under contents claims and not under buildings as they're not building

Shenanigan

The term 'wear and tear' also gets used when describing a main exclusion of most Building/Contents policies. So not only would your claim value decrease if your wardrobe burned down, but you simply would not be covered for a roof tile falling off unless there was a strong wind (storm) on that day.

Perhaps this could be causing the confusion?

Bhagwan_H

They might well tell you that they can replace your bike with a new replacement at much less than you can buy it for. So if they can get it cheaply, you could always take them up on their offer, and then repay the claim afterwards to preserve your no claims bonus.;)