2. amps-preamps
  3. 149836-1484

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
northbeach
61 posts
 

Dweller2 is part correct.

Most carriers will pay "Actual Cash Value" up front. If one is forced to obtain a replacement and invoke the "Replacement Cost" provisions of the policy [regardless of whether the purchased item is new or used], then the damaged owner will need to purchase whatever they need and submit the receipts to collect back the difference between ACV and RC.

ggc
178 posts
 
I looked into getting coverage for my system a few years ago. State Farm, Geico, Chubb and Farmers. They all said that my system had to be on a rider that needed to be substantiated by their appraiser who was brought on by the adjuster. Long story short -  They were all were clueless on how to evaluate a audiophile system. The cost of the rider proved to be prohibitive.
no_money OP
638 posts
 
My Levinson dealer is local. They took at look at the units and determined they were beyond repair. Allstate sent a guy by to look at them and take pictures. I am now waiting to hear back from them.
no_money OP
638 posts
 

Allstate came through!

I am very happy with the settlement they offered.

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