What you paid for something years ago and what it would cost to replace today are often very different numbers. WardenLock lets you track both, so you always have an honest picture of what your belongings are worth right now.
Two numbers that matter
- Purchase price — what the item cost you originally. Useful history, and proof of ownership.
- Replacement value — what it would cost to buy the same thing again today.
Why replacement value is the one to watch
Prices change over time, and many insurance policies pay out based on what it costs to replace something today, not what you paid for it. Keeping replacement values up to date means you can see, at a glance, exactly what it would take to replace everything — and check that your insurance would actually cover it.