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**WGfg4CCZ** · 12-12-2005, 07:00 AM

On the plus side, if it does get paid, the cover (again at least in the uk) is Old for New, which means you get something of the same value as if the lost item were brand new, some they may get some nice bougu out of it!

Here on this side of the "Pond" you usually have a choice of whether to insure for replacement value or original value (less depreciation). IIRC, the depreciation formula was something like 10% per year. Insuring for replacement value costs more, but can be a financial lifesaver if prices have significantly increased (or the value has significantly decreased) since the original purchase. Like the others have said, be prepared for an arduous task involving finding original receipts, obtaining written estimates for replacement items, and providing corroborating evidence that you actually owned the items claimed.

Good luck,

RC_Kenshi

12-12-2005, 07:00 AM	#2
WGfg4CCZ Join Date Oct 2005 Posts 425 Senior Member	On the plus side, if it does get paid, the cover (again at least in the uk) is Old for New, which means you get something of the same value as if the lost item were brand new, some they may get some nice bougu out of it! Here on this side of the "Pond" you usually have a choice of whether to insure for replacement value or original value (less depreciation). IIRC, the depreciation formula was something like 10% per year. Insuring for replacement value costs more, but can be a financial lifesaver if prices have significantly increased (or the value has significantly decreased) since the original purchase. Like the others have said, be prepared for an arduous task involving finding original receipts, obtaining written estimates for replacement items, and providing corroborating evidence that you actually owned the items claimed. Good luck, RC_Kenshi
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