>From: "John Hudson" <13874@xxxxxxxxxx>
>
>From: "Jan Steinman" <Jan@xxxxxxxxxxxxxx>
> >
>> Sort of on-topic info: I have an $80 ($64 after rebate) home business
>> rider with Amica that covers all my computer, camera, and art stuff up to
> > $5,000...
>If you have $50,000 of gear, insure for $5,000 and then have a claim for a
>loss, the insurer will pay only 5,000 / 50,000 of your claim. In insurance
>talk it is called "averaging".
I don't think that is how this policy works. For one thing, they didn't make me
declare value on anything -- the have no idea of what the numerator is, so they
can't "average" by using a ratio.
If I made a claim for $5,000, what would they do, say, "How much WASN'T
stolen?" :-)
--
: Jan Steinman -- nature Transography(TM): <http://www.Bytesmiths.com>
: Bytesmiths -- artists' services: <http://www.Bytesmiths.com/Services>
: Buy My Step Van! <http://www.Bytesmiths.com/van>
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