Insurance Appraisal

[Phil Bondi]

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Terry, I've always done my insurance appraisals as NEW
replacement..that's what your 'contents' insurance will cover
now..NEW replacements..you aren't going to replace a 25 year old
stove with a 25 year old stove..you're going to get a new one..why
should a piano be any different?
=20
In a case where a particular model or make is no longer in
production, I look at the nearest compatible make and model, and
write the appraisal from there.
=20
I've never had a problem or a question from a insurance
agency..don't forget..they have no clue as to what a piano is
worth..we are the experts, and that's why they ask us for such
information.
=20
-Phil Bondi(FL)
phil@philbondi.com=20

-----Original Message-----
From: pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org]
On Behalf Of Farrell
Sent: 25 November, 2003 6:50 AM
To: Pianotech
Subject: Re: Insurance Appraisal


Yeah, but replacement with what? New or one at a similar state of
repair.
=20
Terry Farrell

----- Original Message -----=20
From: Phil Bondi <mailto:phil@philbondi.com> =20
To: 'Pianotech' <mailto:pianotech@ptg.org> =20
Sent: Monday, November 24, 2003 1:37 PM
Subject: RE: Insurance Appraisal

Terry, I've always done insurance appraisals as replacement
value..no questions asked. The reason they want to insure it in the
first place is to replace it if they have to. Sometimes, when they
find out they will have to carry a separate rider on their insurance
policy, they value of said Steinway goes down in value in the owners
eyes..I've seen it both ways down here.
=20
my experiences,
-Phil Bondi(FL)
phil@philbondi.com=20


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