What is new-for-old home insurance cover?
Where a link is marked *, it is a partner link — we receive commission at no extra cost to you. Links without a * earn us nothing. How we make money.
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.
Last reviewed:
Reviewed by Kaiser Khan
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.
Primary source: abi.org.uk/products-and-issues/choosing-the-right-insurance/home-insurance
Part of our Family & care
This quick answer sits inside our wider family & care hub — with sub-guides, calculators and step-by-step explainers on the same topic.
Read the full family & care guide →