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How to value items no longer in circulation for insurance claim?
antod
Posts: 7 Forumite
Hi
I was wondering if anyone knows how to value items that are no longer in circulation for the purpose of an insurance claim. In our case, it is a matter of books which were new and in a pristine condition before being damaged by water. Since they are not on sale anymore, we do not know what value we should indicate for them. Needless to say, for different reasons, they all have sentimental value for us. If relevant, our insurance policy is 'new for old' and, ideally, we would have just liked to have them all back new rather than receiving a cash value for them, however, I guess this is what will happen in the end.
Thank you in advance
antod
I was wondering if anyone knows how to value items that are no longer in circulation for the purpose of an insurance claim. In our case, it is a matter of books which were new and in a pristine condition before being damaged by water. Since they are not on sale anymore, we do not know what value we should indicate for them. Needless to say, for different reasons, they all have sentimental value for us. If relevant, our insurance policy is 'new for old' and, ideally, we would have just liked to have them all back new rather than receiving a cash value for them, however, I guess this is what will happen in the end.
Thank you in advance
antod
0
Comments
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Valuation from a specialist book seller. They will probably charge for a written valuation. But it will note what condition of books and current cost of replacing with similar. If it is after the event of a claim, again a specialist can take a look and come up with likely value before they were damaged.
There are book specialists in London and elsewhere.The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0 -
Hi huckster
Thank you for your answer and apologies for not replying earlier. I will look for a specialist book seller in London then. If you happen to know one that you would recommend, please let me know.
antod0 -
Check Amazon, Ebay, Abebooks and Awesomebooks for new or secondhand replacement copies.A kind word lasts a minute, a skelped erse is sair for a day.0
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HI Owain
Thank you for your reply - I have indeed looked at Amazon, Ebay and Abebooks but will now check Awesomebooks too.
antod0
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