Quote:
Originally Posted by reuben
Depending the homeowner/renter policy, contents are covered for replacement value, but for expensive stuff like fancy bikes, stereo, photography, art, etc., it's a good idea to have pics or video as proof of make/model.
Then you start to get into the differences between "replacement value", "market value", etc.
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Yeah, we went through this with a burglary 5-6yrs ago. Bikes weren't affected but I asked the question and didn't like the answer that they all would've fallen under "market value" had I needed to make a claim against them. We lost a lot of stuff that had heaps of sentimental value but little/no market value whatsoever.