18 Nov
2002
18 Nov
'02
3:54 a.m.
Mike Ford wrote:
> For a working IBM 1130 we have set an insurance
value of $50,000
> (fifty thousand) on the grounds that any damage which makes the machine
> inoperable will probaly be irrepariable and the machine will become
> just another inert museum exhibit.
How would a claim actually work, ie a forklift hits a
bump and the
shipping pallet tips over. The damage appears cosmetic, but when the
unit is powered up, the sparks fly and magic smoke is released. Board
"c" is toast, and none are know to exist as replacements.
What happens?
Do they get a chance to make repairs, as they see fit.
Do they cut you a $50k check, AND let you keep the inert system?
Something else?
Good questions, I hope I never have the opportunity to reply form
experience!
If thaere are any insurance experts around I'd be interested in their
comments.
-- hbp