Archived posting to the Leica Users Group, 2000/05/02
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]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 > > __________________________________________________ > Do You Yahoo!? > Send instant messages & get email alerts with Yahoo! Messenger. > http://im.yahoo.com/ - -- Mike Leitheiser Lake Oswego, Oregon "When the trout are lost, smash the state." Tom McGuane