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Original Message:   Policy buyer would have to be a bit dim
I'd like to meet the insurance agent willing to "replace with equivalent wholesale value" a $15 strand of beads for $450...

and an insurance premium buyer would be terribly foolish to spend a higher rate on a policy based upon a $450 replacement value when, if push comes to shove and lets say a stolen or damaged item has to be replaced, they'll only get something with a price of $15.

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