> got 80 percent of > it's value cause it was 2 years old, and it was > appraised by a bike > shop. I could likely have replaced it for twice what > I got in
Most of the times insurance companies "depreciate" the cost as well. Sometimes they do this by saying - "Gee well, the same equipment can now be had for less - so let's see what is the current value ..." After that they take lowest costs THEY have on THEIR list or evaluation (not necessary a reasonable one for that time). This is then prety much what you get. Of course it could be 80% of the current cost. But, at least you get that - as compared to nothing when not insured ! - Harman __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free web site building tool. Try it! http://webhosting.yahoo.com/ps/sb/ * **** ******* *********************************************************** * For list instructions, including unsubscribe, see: * http://www.a1.nl/phomepag/markerink/eos_list.htm ***********************************************************
