James N. McBride wrote:
> My stuff is insured for fixed value which eliminates a lot of
> the hassle.
> You need to update the stated values periodically though. /jmac
I had a policy like that, with an insurance company that no longer exists.
When I tried to make a claim, they depreciated the "fixed" value by 10% for
each year of the equipment's age. They valued my stolen, mint 35/2 Zuiko at
about £5. It took nearly a year of arguing to get anything like the real
second-hand replacement value. There was nothing in the small print about
depreciation, it was just standard industry practice.
Alan Wood
http://www.alanwood.net (Unicode, special characters, pesticide names)
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