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   All Posts (laurel)


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Re: Insurance Appraisal
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You are mixing two elements here-Policy Proposal and Claiming.

When you take out insurance you can pick any amount you want and with exception your insurer will not ask for evidence.

However when you claim I am not saying they will always ask for evidence I am saying that they may and have the right under the policy and my knowledge of the industry confirms this.

Clearly the value is a factor and in your example, no they are not likely to ask for a receipt/photo evidence of a phone and something like furniture but if you claimed for an expensive book/ ring/ watch etc they will ask for evidence of its existance and ownership and thus my recommendation best be safe than sorry.

I am afraid in the world we live there is every reason an insurer would ask for evidence when we suffer £millions of fraud every year. That is the reason why they should - to protect all us honest folks premiums.

Posted on: 2012/2/22 0:09

Edited by laurel on 2012/2/22 0:33:52
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Re: Insurance Appraisal
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Well merged.
I am not saying they would ask for photos but would normally insist on evidence. If say books were water damaged then it I'd likely you would still have them so that would be the evidence . However imagine if they were stolen- they would almost certainly ask you to prove their existence and your ownership especially if worth a lot of money.
My recommendation remains log your collection and take a mass load of photos and most importantly make sure all your contents plus books are the total insured amount.

Posted on: 2012/2/21 15:30
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Re: Insurance valuations
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I havent had collection professionally valued as little point in my mind. I guess most of us will know the value of our books ie the cost to replace (not the amount purchased for) better than any valuer you could find as realistically they are very unlikely to be specialised enough.

In the event of a claim the onus is firmly on you to prove ownership and value. The first can be easily evidenced with photos and documentation. So long as you have these you could then price up up at any time even fer a loss. Or I have a running list of all my books and i update once /twice a year with current values or costs needed to replace.

Even if you had a professional valuation that does not mean an insurance company would automatically pay this figure. For example you might have valued a peoples of middle earth book at £600 to replace following the one sold a few years ago. In reality it would cost £300 max to replace now so this is the figure that would be paid.

Most insurers cover books within standard contents cover but you need to make sure you have enougth total cover and no specific item maximums.

Personally i have increased my basic contents cover to cover my books ,have a mass of photos on a USB stick stored along with list of items which i review once a year or maybe more often if i buy a signed Silmarillion!

Hope helps

Posted on: 2012/2/21 4:42
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Re: The Silmarillion 1982 Super Deluxe #90 [eBay]
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Stu said it all for me
At last a collector got hold of a bargain/good book and not a dealer (with respect to all dealers of course).

That being said you could have brought 3 unfinished tales for that price and the spines would have looked better ! :)

Posted on: 2012/2/16 12:12
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Re: The Wonders of eBay
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Good question and i guess my answer is two fold
1 It depends on the price. At the moment they are a good price but it wouldnt suprise me them getting over £500 and maybe £700 with wind behind them. You never know with ebay
2 More importantly it depends on how fussy you are. There is a fair bit of damage but maybe linked with point above it may bring price down.

If it was me would wait and get a better copy of each at a more leisurely pace.

Posted on: 2012/2/16 12:08
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