Thread: Wtd valuation and damage report from retailer for scope

Originally Posted by Delphus

Just be aware of the "market value" side of things. Insurance companies have a funky model to value sports items. I just claimed for the damage on my binoculars. Retail value is $2400, the binos are 5 years old. They valued them at $1000. Less my excess I was going to get $750 in the hand. When I explained that Euro optics hold their value etc it fell on deaf ears. I had to find an ad from ebay selling the same binos second hand (none for sale in nz) for about $1800 NZD. They called back and we had a good chat about the binoculars use. ie how often I actually used the bino's, and the duration of the use and the fact that when not in use they were in a bag inside a box in the garage. She recalculated the age down to a year and a half old, which came out to $1750. It left me with $1500 in the hand, which is far better than $700

Insurance companies vary in their cover and response to claims.
We get our contents of cover through a broker.
My rifles and supporting equipment are covered while stored at home and while in transit to competion.
They aren't covered when in use on the range.
This is replacement cover.

To lessen arguments I maintain a list of rifles - itemized as component parts - with my broker.
My wife doesn't have this list as I'd be in big trouble if she did.