Tarmac
Distinguished Member
- Joined
- Mar 19, 2006
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I was thinking about this from an old thread where dude lost a $5k package and it was only insured for 1k. Someone replied "I always insure for over the value". Someone else also said, "you will need to produce a receipt or invoice to claim anything that high anyway".
So is there any point in insuring over the value? For example, I just sold a Paul Smith wallet for $69 on ebay. I insured it for $70. However, lets say it was just an old wallet I was sending to my brother, not selling. There's no invoice but replacement value (new) is $140. How would that work?
So is there any point in insuring over the value? For example, I just sold a Paul Smith wallet for $69 on ebay. I insured it for $70. However, lets say it was just an old wallet I was sending to my brother, not selling. There's no invoice but replacement value (new) is $140. How would that work?
