Appliance depreciation calculator
For a washer, dryer, fridge or other appliance on an insurance claim. Enter what it costs new today and how old it is, and see how much is likely to come off for age. Appliances are set to a 10-year life; change it if your insurer used another.
- Taken off for age
- $380.00
- What it's worth used (actual cash value)
- $570.00
$950.00 × (4 ÷ 10) = $380.00
An estimate using our expected lives. Insurers use their own tables, so their figure can differ.
On a replacement cost policy, the $380.00 is usually held back until you replace the item, not taken away. How to get it back
Common appliances, worked out
Each line uses the same life and the same arithmetic as the calculator above.
| Item | New today | Age | Taken off | Worth used |
|---|---|---|---|---|
| Washing machine | $950.00 | 4 years | $380.00 | $570.00 |
| Refrigerator | $1,800.00 | 6 years | $1,080.00 | $720.00 |
| Microwave | $250.00 | 3 years | $75.00 | $175.00 |
Why your insurer's number may be different
Insurers use their own tables, and many give small appliances a shorter life than large ones. A microwave or a coffee maker may lose value faster than a refrigerator, so more comes off it. If their figure for an item is much higher than this one, ask which life they used. Built-in appliances, like a dishwasher or a wall oven, are often paid as part of the house rather than your belongings.
Do this for every room
Indemnia works out these figures for everything you own, from your receipts and photos. It's free to begin, and there's no card.