Household insurance - "The fine print"

No, the only example that comes to mind right now is an old PC .. I can't buy it exactly as it was anymore, but the performance that was possible with the device is offered by a much newer but available device, then that is the replacement cost. It is called that because it is exactly NOT the current value.

In general applies

[*]the replacement cost for stolen or irreparably damaged household goods. It does not have to be the purchase price. Insured persons receive enough money for their household contents in case of damage to purchase an equivalent item at current prices.
[*]the repair costs for damaged household goods.
[*]a reduction in value for damaged but still fully usable items.

We have also had a larger case in the household insurance and the amounts often exceeded the previously paid price, as it was only available at a higher cost in the meantime. That has nothing to do with any fairy tales from insurance agents, a look at the insurance terms and conditions is enough. And if you still don't understand it then, just compare it with liability insurance...

Years ago, we once let food burn in the kitchen (pot on the stove and eventually the water was gone). At that time, a notebook was lying in the kitchen, whose casing then smelled extremely bad. I tried to determine the original purchase price at the time (it was already about 5 years old). The insurance then set the replacement value, with which we were able to buy a significantly better device, because the original one obviously no longer exists. Had the current value been applied, we would probably have only received 200 EUR for it.

All other devices were not that old yet, so the purchase price was reimbursed there, which was quite accurate.

Anyone who thinks that household insurance is unnecessary should take a look at what small damages can cause major effects. For example, even small fires usually produce a large amount of smoke, which means many items have to be disposed of immediately or require extensive cleaning. And hardly anyone can just spend a high four- or even five-figure amount on that. And even if they can, it really hurts.

It should be noted that capital would have to be built up in return for a replacement purchase. And in my opinion, household insurance is not even that expensive. A new children's room at Ikea easily exceeds the thousand-euro range, even if you buy the cheapest.

* Insurance only with solid construction (which was never mentioned before on the comparison portal). If you have a wooden house, you pay. If damage occurs, then tough luck? etc.

As far as I know, a "wooden house" also counts as solid construction for insurance purposes!? So is it just a misunderstanding at that point?