Insurance value for household contents and collectibles

Insurance value is the valuation basis used under an insurance contract. For household contents and collectibles, check how the particular contract defines that value. Insurance value, the sum insured and an actual claim payment should be read separately. This explanation concerns Norway and was checked on 1 November 2026.

Insurance value does not automatically mean the price of a brand-new item. As a specific example, Eika's household contents terms dated 1 July 2025 specify market value for items of collector interest, including antiques and art. This must be read together with the rest of those particular terms. It is not presented here as a rule applying to every insurer.

Finans Norge's household contents calculator estimates a guiding sum insured for a household. It is not an individual appraisal of a particular painting or coin collection. Read about market value and prepare an object inventory linking descriptions to supporting documents.

Keep receipts, previous appraisals and photographs. Norway's Financial Services Complaints Board notes that advertised asking prices do not necessarily show what a buyer actually pays. A claim may therefore require more documentation than sales listings.

Ask your insurer what type of valuation and evidence it needs. Then read about OBA's valuation and appraisal services and agree the purpose and scope. A valuation does not promise insurance coverage or payment.