2. amps-preamps
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anyone have experience with "replacement cost" insurance, and Allstate?

Well, thanks to a lightning strike I am without my Mark Levinson 326s. It is at the shop now getting looked at but I am not holding out a lot of hope. The 326s is not longer made, and I am worried about what Allstate will consider as a replacement.thanks for any advice you might have on this.
no_money
morellihugo
8 posts
 
Hi guys, what kind of insurance I should buy? I currently have homeowners insurance only... if someone can chime in and explain a little what kind of add on or insurance is a must for people like us who spend a lot of money in a Stereo system, speakers, electronics, etc.
dweller's avatar
dweller
3,816 posts
 
Consult your agent. A normal policy should cover all of your possessions. This doesn't include the $100k in cash you had in the cookie jar, however. 
no_money OP
638 posts
 
well, looks like the 360s DAC didn't make it after all... : (
no_money OP
638 posts
 
dweller, that doesn't make a lot of sense? What if I was gifted all of the items? They would have a value of 0 dollars and be uninsurable?
northbeach
61 posts
 

As a 36 year adjuster, I mimic what the others have told you.

An adjuster's biggest concern is getting audited for not having proper documentation to support what settlement he achieved. Flood the adjuster with documentation that can be verified that will substantiate the value. Provide all alternatives as concerns repair vs replace so that the best decision can be made.

What a good adjuster will come to realize is that a Mark Levinson amp is like a car. The parts not destroyed have after-market value.

If the election by the carrier is to replace, they get the salvage of the Amp. If you negotiate to keep the salvage for parts [lest you do find a used replacement], then they pay "replacement cost LESS salvage value".

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