On 2/25/2013 9:40 AM, Tony wrote:
On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree
falls on it, what kind of value would the insurance company use?
Would it be the market value pre grounding or the current scrap
value?

they would probably pay whatever the insured value is

Their usual options are repairing it, replacing it, or giving you money.
They tend to pick the cheapest option. If it's insured for a high value,
they would probably replace it with one just like it, which they can
probably buy very cheaply.

Typically, you should insure it for the replacement cost.

--
Eric Greenwell - Washington State, USA (change ".netto" to ".us" to
email me)