Policy buyer would have to be a bit dim
Re: Or they are trying to set an insurance value... -- David Post Reply Edit Forum Where am I?
Posted by: beadiste Post Reply
07/11/2017, 11:56:51

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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