reference
Clothing/apparel depreciation rate for insurance claims
Covers: clothing, shoes, jackets, and other garments.
~20%/year
Floored at 5% of replacement cost — this category never depreciates to zero, since a real used item of this kind still has some resale/functional value however old it is.
Worked example
A 3-year-old item in this category with a $1000 replacement cost retains 40% of its value, or an estimated $400.00 in Actual Cash Value (3 years × 20%/year = 60% depreciated, floored at 5%).
Why this rate, specifically
This is a general, industry-typical annual rate for this category — not a specific insurer's real schedule. Actual carriers use their own internal depreciation tables, which are not standardized and can differ substantially for the same item between companies (a well-documented example: the same aged sofa depreciated 50% under one carrier's claims software and 71% under another's, for the same claim). Treat this as a reasonable estimate for planning purposes, never as what a specific insurer will actually pay.
This is the exact same rate Home Inventory Scanner uses to estimate current value for every item it identifies — scan your home once, and every item gets this depreciation math applied automatically, with the full calculation shown in your report.