25 Jan
2004
25 Jan
'04
11:35 a.m.
--- Doc Shipley <doc(a)mdrconsult.com> wrote:
On Jan 25, 2004, at 4:26 PM, steve wrote:
Completely different, you talking about a mass
produced item that's commonly available and commonly
owned. Insurance companies will usually honor these
claims without any documentation, like furniture, TV's
stoves etc on a house claim.
Its totally different with a straight PDP-8 which the
insurance company will view as an antique whos value
varies greatly depending on condition (like any other
antique), which is why they demand proper
documentation and an additional policy if the value is
in the thousands. Ever watch that antique show on PBS?
They always say when estimating antique prices "you
should have this insured for x dollars".
This stuff is not covered on your normal policy.
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Unless he had an "official" independent
appraisal
by a
recognized insurance appraiser who described the
PDP-8
piece in detail and establish a value for it by
physically looking/photographing/videotaping the
equipment, and had it reviewed and approved by an
his
insurance agent, and applied for the rider and
payed
the extra premium for the rider, he has a
snowballs
chance in hell in collecting anything.
Not necessarily true. I got T-boned in an
intersection, totalling my
car, a few years ago, and the only thing the other
driver's insurance
didn't fight over was the value of the laptop that
got hurled off the
back seat. Not only was the thing (a Sharp 8700)
not documented, but I
had built it from 2 dead units and I think I had
$250 or so invested in
it. I told the adjuster what it was worth based on
the cost to replace
it, and that I couldn't find the receipts (true) and
they accepted my
appraisal without argument.