--- Doc Shipley <doc_at_mdrconsult.com> wrote:
> On Jan 25, 2004, at 4:26 PM, steve wrote:
>
> > 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.
>
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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Received on Sun Jan 25 2004 - 19:35:39 GMT