| The Breitling Watch Source Forums https://www.breitlingsource.com/phpBB2/ |
|
| Insurance value for an Antares World https://www.breitlingsource.com/phpBB2/viewtopic.php?f=1&t=30037 |
Page 1 of 1 |
| Author: | Rennywuk [ Tue May 10, 2011 1:12 am ] |
| Post subject: | Insurance value for an Antares World |
Having bought the above for £500 I would like to know how much I would have to insure it for. Working on a new for old basis I assume it would have to be replaced by the newest alternative which I guess is the colt. Incidentally I have the original receipt showing it cost £1,420 new back 1997. Having waited so long for such a fantastic timepiece I sincerely hope an insurance claim is not needed but I want to ensure I am covered for the appropriate level. Thanks |
|
| Author: | ike [ Tue May 10, 2011 3:29 am ] |
| Post subject: | Re: Insurance value for an Antares World |
New for old cover probably won't apply in this case, only for a new item purchase. However, you can probably cover it as an item worth up to the single item limit (typically £1000 on a home insurance policy). In the event you claim, the insurer would probably want to base the value firstly on your receipt (not the original receipt!), and then may adjust for any market appreciation since your purchase, or without sufficient proof of current value - the current market value of a similar 2nd hand watch. Of course there would be nothing stopping you replacing it with a new Colt or whatever you fancied, but you would have to stump up any difference over the agreed value of the Antares. |
|
| Page 1 of 1 | All times are UTC - 8 hours |
| Powered by phpBB® Forum Software © phpBB Group https://www.phpbb.com/ |
|