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insuring prizes- proof of value / 'purchase'?
skintpaul
Posts: 1,510 Forumite
What value do you give a prize (eg, a top range mountain bike), if won in a competition?
And, if later stolen / damaged etc, how do you prove you ever had it?
And, if later stolen / damaged etc, how do you prove you ever had it?
breathe in, breathe out- You're alive! Everything else is a bonus, right? RIGHT??
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Take photographs?I’m a Senior Forum Ambassador and I support the Forum Team on the Competition Time, Site Feedback and Marriage, Relationships and Families boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com All views are my own and not the official line of Money Saving Expert.0
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More date wise, to show how/where you came by it.. I doubt promoter gives winner their receipt when delivering a prize..
value wise- would prevailing (retail) value be used? Or, if won, would any claim be considered, as no financial loss actually incurred..breathe in, breathe out- You're alive! Everything else is a bonus, right? RIGHT??0 -
Similar here
https://forums.moneysavingexpert.com/discussion/5489545value wise- would prevailing (retail) value be used? Or, if won, would any claim be considered, as no financial loss actually incurred..
Expensive Jewellery can often be a gift but it is still insurable even though it may have cost the person insuring it nothing.0 -
That's true MJM, I've just remembered that after a robbery in 2001 I claimed for jewellery and silverware which was all either gifts or inherited family pieces. We had a visit from a loss adjuster who accepted photographic evidence, jewellery boxes and silver cases as evidence, after that they paid our claim in full. He was obviously "sussing us out" though.I’m a Senior Forum Ambassador and I support the Forum Team on the Competition Time, Site Feedback and Marriage, Relationships and Families boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com All views are my own and not the official line of Money Saving Expert.0
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