Book Value is what your appliance or home system is worth today, based on its age, original price, and expected lifespan.
Why does it matter for my claim?
An older appliance isn't worth what it cost when it was new. Book Value gives a fair, current value so claims are handled accurately.
What covered units does this apply to?
Age is factored into appliances (like refrigerators, washers, dryers, and ovens) and systems (like HVAC units).
How it's calculated.
Three factors determine this: (1) the unit's age (found via the serial number),(2) the original purchase price, and (3) the expected lifespan. All these details are publicly available.
Example calculation:
A $100 washing machine with a 10-year lifespan loses $10 in value each year. By year 10, its Book Value is $0.
What happens next?
Even with a low Book Value, Liberty Home Guard still helps by sourcing a replacement through OEM's and trusted suppliers, we coordinate installation and haul away, and guide you through the process.
Bottom line.
Book Value isn't about reducing your benefit, it's about being transparent about where your appliance is in its life cycle. Liberty Home Guard has your back either way.
