Theft Home Claim Calculator

Inventory quality and evidence

Theft claims move faster when every item is described, valued, and supported. Start with realistic replacement prices from current retailers, then note brand, model, serial number, and purchase timing. This calculator converts that inventory into a planning estimate, showing how limits and deductibles can reduce what you receive. Include the loss date and whether a police report exists, since carriers frequently request it for theft verification.

ACV estimation for first payments

Actual cash value is often the first settlement basis. The tool estimates ACV by applying yearly depreciation to the replacement cost and adjusting for condition, then enforcing a floor so old items do not drop unrealistically low. Entering a conservative depreciation rate can reduce surprises, especially for electronics and high-wear household goods.

Sublimits and category caps

Sublimits are a common reason totals disappoint. Jewelry, cash, and specialty property may be capped well below the personal property limit. When you enter sublimits, the calculator caps category totals and highlights the reduction. Use this to decide whether scheduled endorsements or additional coverage would have been beneficial before a loss. Some policies also cap firearms, collectibles, or business property kept at home, so map unusual items to the closest category and note details.

Replacement cost and recoverable depreciation

Replacement cost coverage can create two stages: an initial ACV payment and a later release of recoverable depreciation once you replace items within the policy window. The model shows both values and includes sales tax and temporary security expenses when applicable. Keep receipts for replacements because documentation is usually required.

Using exports for clear communication

Use the outputs to communicate clearly. The CSV is useful for adjusters, while the PDF summary helps with quick review. If the estimate is far from expectations, review inputs in this order: category caps, personal property limit, deductible, purchase year, and condition. Then refine item pricing with links or screenshots for credibility, before sharing it with anyone. Compare your inventory total to the capped category totals. Track deadlines for submitting replacement receipts and document lock changes or boarding; many policies reimburse emergency measures within a separate limit.

1) What is the difference between ACV and replacement cost?
ACV reflects depreciation and condition, so it is usually lower. Replacement cost aims to reimburse the price of buying a comparable item today. Some policies pay ACV first and release the difference after you replace items.

2) Why did my estimate drop even though my item list is high?
Category sublimits and the overall personal property limit can cap totals. A deductible also reduces the payout. Review the category table and confirm each sublimit matches your policy declarations.

3) How should I pick a depreciation rate?
Use a conservative rate that matches the expected useful life of your items. Electronics often depreciate faster than furniture. If unsure, test a range and see how sensitive your ACV estimate becomes.

4) Do I need a police report for a theft claim?
Many insurers require one for theft verification, even if not explicitly stated. Having a report number and incident details strengthens documentation and reduces delays when an adjuster requests confirmation.

5) What documents improve my settlement outcome?
Receipts, photos, serial numbers, warranty registrations, and proof of ownership help support values. For replacement cost coverage, keep purchase receipts for replacement items because insurers commonly require them before releasing recoverable depreciation.

6) Are the CSV and PDF exports acceptable for adjusters?
They are useful summaries for sharing your inventory and calculations. Adjusters may still ask for supporting documents and item proof. Use exports as a structured starting point, then attach evidence when requested.