Archived posting to the Leica Users Group, 2000/05/02

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Subject: Re: [Leica] Leica camera & insurance
From: Mike Leitheiser <>
Date: Tue, 02 May 2000 19:15:20 -0700

Replacement value?  Read the actual polilcy form.  All too many agents
think that scheduling items on a marine form means replacement cost as a
pay off.  Not necessarily so...Your pay off may well be only "ACV" or
actual cash value and is always subject to a max of the scheduled
amount.   A good homeowners policy avaolable in most parts of the
country already provides coverage for the perils you indicated subject
to the deductible on a replacement cost basis.

Arthur Leyenberger wrote:

> Fellow LUGnuts:
> I just checked with my insurance agaent. To get
> specific coverage for my Leica equipment, he quoted me
> $1.49 per $100 of value. So it would cost approx. $75
> to cover my $5000 worth of Leica equipment. This
> coverage includes theft, robbery, accidental loss,
> breakage. No deductible, replacement value.
> Is this reasonable????
> Planning a 2-week Europe vacation this summer -- first
> time Leica trip. Want to be prepared.
> thanks in advance.
> .....Art in New Jersey USA
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- --
Mike Leitheiser
Lake Oswego, Oregon

"When the trout are lost, smash the state."
   Tom McGuane