# What is new-for-old home insurance cover?

> Quick answer · Last updated 4 July 2026

Canonical HTML: https://moneyguide.org.uk/answers/what-is-new-for-old-home-insurance/
Markdown mirror: https://moneyguide.org.uk/answers/what-is-new-for-old-home-insurance.md

## In short

Contents policies that replace damaged or stolen items with new equivalents of similar quality, without deducting wear and tear. Indemnity policies pay less for older items.

New-for-old is standard on many policies but check the wording — some cap payouts on clothes or linen.

Buildings cover is usually repair or rebuild, not new-for-old in the same sense.

See compare home insurance guide when choosing policy type.

## Related

- [How much contents insurance?](https://moneyguide.org.uk/answers/how-much-contents-insurance-do-i-need/)
- [Compare home insurance](https://moneyguide.org.uk/insurance/compare-home-insurance-guide/)

## Primary source

abi.org.uk/products-and-issues/choosing-the-right-insurance/home-insurance

---

Independent UK money guidance from [Money Guide](https://moneyguide.org.uk). Information only — not regulated financial advice.