Archived posting to the Leica Users Group, 1996/10/06

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To: leica-users@mejac.palo-alto.ca.us
Subject: Re: Value of Lost Equip.
From: wilcox@umcc.umich.edu (Ken Wilcox)
Date: Sun, 6 Oct 1996 13:31:25 -0400
 
A few years ago I had several thousand dollars worth of bicycling equipment
stolen from my garage.

Replacement value was calculated (at my insurance company's instruction) by
adding together the value of NEW, not similarly used, equipment. Anything
that was no longer available was replaced with the nearest NEW equivilant.

kw

>I've gone blind reading Shutterbug ads looking for equipment similar to that
>which I've lost. I'm faced with calculating a replacement value for each
>item.  My method has been to take all examples and calculate an average
>price. Does this fly with insurance companies? Anyone ever have such an
>experience? Any suggetions for finding more prices (the larger the sample
>the better the numbers)?
>
>ben.holmes

----
Ken Wilcox                                Carolyn's Personal Touch Portraits
LHSA, MEA, LAW                         preferred---> <wilcox@umcc.umich.edu>
                                              <kwilcox@genesee.freenet.org>
Replies: Reply from "joe b." <joe-b@dircon.co.uk> (Re: Value of Lost Equip.)