- Joined
- Mar 25, 2008
- Messages
- 322
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I need some advice: I have two Moore Bettah Ukuleles. One from 2013, one from 2015. Both (as you can imagine) make my heart beat faster. I even love they way they smell...but I digress...
I put my first MBU on my homeowners insurance policy when I first got it, along with a fiddle (a momentary passion), a LoPrinzi ukulele (my "first" uke) and a Taylor travel guitar (still not a lot of love for it, but I keep thinking I'll do something with some slack key materials I have...).
The policy has no deductible and it covers anything that happens to 'em, whether I'm traveling or at home (theft, damage, etc.). Policy covers the full amount of the stated value, up to the amount they're each listed for. No depreciation, etc.
I "set" the value of all of the instruments as full covered cost and State Farm seems to increase it annually based on the consumer price index.
With the most recent 2015 MBU purchase, I bumped up the cost of the covered amount *over* the amount of the receipt from Chuck. My reasoning was that it'd be darn hard to simply "replace" an MBU (evidence: look at the impossible-to-get-on wait list) at a later date and it'd cost me more to do so.
Underwriting demanded a copy of the receipt and I passed it along. Underwriting then said they'll only insure for the amount of the receipt. If I want it higher, I should get it appraised.
So, here's where your part comes in:
--Should I pay to have it appraised or just keep the insurance rider policy for the 2015 MBU at the value of the receipt?
--Whom would you suggest for an appraisal? Would I need to do it "in person," do you think? I'm not really in a big area for ukuleles here...
--Any other tips?
I put my first MBU on my homeowners insurance policy when I first got it, along with a fiddle (a momentary passion), a LoPrinzi ukulele (my "first" uke) and a Taylor travel guitar (still not a lot of love for it, but I keep thinking I'll do something with some slack key materials I have...).
The policy has no deductible and it covers anything that happens to 'em, whether I'm traveling or at home (theft, damage, etc.). Policy covers the full amount of the stated value, up to the amount they're each listed for. No depreciation, etc.
I "set" the value of all of the instruments as full covered cost and State Farm seems to increase it annually based on the consumer price index.
With the most recent 2015 MBU purchase, I bumped up the cost of the covered amount *over* the amount of the receipt from Chuck. My reasoning was that it'd be darn hard to simply "replace" an MBU (evidence: look at the impossible-to-get-on wait list) at a later date and it'd cost me more to do so.
Underwriting demanded a copy of the receipt and I passed it along. Underwriting then said they'll only insure for the amount of the receipt. If I want it higher, I should get it appraised.
So, here's where your part comes in:
--Should I pay to have it appraised or just keep the insurance rider policy for the 2015 MBU at the value of the receipt?
--Whom would you suggest for an appraisal? Would I need to do it "in person," do you think? I'm not really in a big area for ukuleles here...
--Any other tips?