>> I now have my Sirius insured for $2700 which is the list price for new ones. I dont know how much more the policy will cost, but my agent said it will only be a few bucks. It is insured for "replacement" value. Right now the boats replacement value is the same as its original value, but a few years down the road they would never give me $2700 for it, so I will reduce the policy coverage accordingly. Best to err on the high side though. Wayne >> ************************************************************************** * I have always had replacement value insurance on my property, and State Farm has been very good about replacing items at current prices. When my cameras were stolen several years ago, I asked my agent if I should replace them with new or used gear, and he told me to buy new gear. This is how I came to own a Nikon F3 and FM2 -- the F2 and FM that were stolen were no longer being manufactured. As a result of the same burglary, I also replaced my obsolete PCjr computer with a 286 computer. :-) When a garbage truck backed into my car, wrecking the Wenonah Jensen 18 canoe on top, the insurance company for the garbage hauler (Kemperer) refused to pay more than the depreciated value of the canoe. (This was a custom light weight, foam core, skin coat version of the canoe, so I would not have been able to get another one without spending considerably more than the insurance payment.) Fortunately, State Farm came through again; because I had replacement value insurance on the canoe, State Farm made up the difference. Ironically, the first person to take a BWCA trip with me in the new canoe was an employee of Kemperer who knew the agent for my claim. I think you can tell that I am a very satisfied customer of State Farm Insurance. Chuck Holst *************************************************************************** PaddleWise Paddling Mailing List Submissions: paddlewise_at_lists.intelenet.net Subscriptions: paddlewise-request_at_lists.intelenet.net Website: http://www.gasp-seakayak.net/paddlewise/ ***************************************************************************Received on Thu Oct 01 1998 - 09:21:30 PDT
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