Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Pipes & Tobacco
Tobacco Cellars & Smoking Rooms
Insuring your hobby and investments
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Brothers of Briar:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="esoxhunter" data-source="post: 237199" data-attributes="member: 1786"><p>I bet your agent just wanted to take a day trip to see your collection! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> </p><p></p><p>Apologies for the misleading syntax in my comment about "replacement cost." Indeed, "replacement cost" means exactly that: the value of the pipes at the time of loss, not at the time they were initially purchased or insured. I just neglected to think about the potential for appreciation--somehow, the things I buy tend to DEpreciate!! :evil: </p><p></p><p>I do know that "replacement cost" adjustments can get a bit tricky when dealing with antiques, such as vintage pipes, which are no longer available new on the retail market. And this is especially true when dealing with a niche area (collectible pipes) which don't have a huge market to establish valuation. This is why my agent had to call his underwriters to be sure that the pipes would be covered in the first place. Different states apply different legal principles to define what "replacement cost" actually is, which is why I sent my agent a list of what I believe the current values to be.</p></blockquote><p></p>
[QUOTE="esoxhunter, post: 237199, member: 1786"] I bet your agent just wanted to take a day trip to see your collection! :) Apologies for the misleading syntax in my comment about "replacement cost." Indeed, "replacement cost" means exactly that: the value of the pipes at the time of loss, not at the time they were initially purchased or insured. I just neglected to think about the potential for appreciation--somehow, the things I buy tend to DEpreciate!! :evil: I do know that "replacement cost" adjustments can get a bit tricky when dealing with antiques, such as vintage pipes, which are no longer available new on the retail market. And this is especially true when dealing with a niche area (collectible pipes) which don't have a huge market to establish valuation. This is why my agent had to call his underwriters to be sure that the pipes would be covered in the first place. Different states apply different legal principles to define what "replacement cost" actually is, which is why I sent my agent a list of what I believe the current values to be. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Pipes & Tobacco
Tobacco Cellars & Smoking Rooms
Insuring your hobby and investments
Top