Dino944
Distinguished Member
- Joined
- Dec 24, 2011
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I had to increase the insured value of my Nautilus by so much that the broker expected the carrier to require a re-appraisal but luckily they just accepted it. I don't even know how one would go about getting a grey-market value substantiated in cases where it differs so much from MSRP?
Actually, not difficult to do. You simply go to a gray dealer that does appraisals. They have no problem appraising it for the "Market value", which is what they would sell it for, and the insurance company accepts their appraisal. I've done this with watches that were selling at over MSRP.