In Canada, we have what we call new value replacement insurance. It's an option, but in this occurence, the piano would have to be replace with a new piano of similar size. Maybe you don't have that in the US.MarcelFrom: davidlovepianos at comcast.netTo: pianotech at ptg.orgDate: Sat, 24 Jan 2009 09:06:57 -0800Subject: Re: [pianotech] Fw: Newman pics of piano If you’re lucky, but not likely. If your 1969 Plymouth Scamp gets totaled you will get the value of the car at the time of its demise not what it costs you to get another car. Replacement value generally means the cost to replace what was lost with a similar instrument in similar condition or pay you the value in its predamaged condition. You will need an valid appraisal to verify that the replacement cost is on the order of many thousands of dollars to justify a rebuild (remember insurance fraud is a felony). In this case the likely replacement value is $500 - $1000. But if the insurance company wants to pay for a full rebuild, I say have at it. David Love www.davidlovepianos.com From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Marcel Carey Sent: Saturday, January 24, 2009 8:29 AM To: Pianotech List Subject: Re: [pianotech] Fw: Newman pics of piano This was a good piano when it was new. If you have the insurance people look at replacement value for a piano the same size, then you could probably sell them the idea of rebuilding. First, new uprights this size are not that available nowdays, and the remanufacturing maybe would cost less. Marcel Carey From: davidlovepianos at comcast.net To: pianotech at ptg.org Date: Sat, 24 Jan 2009 08:09:49 -0800 Subject: Re: [pianotech] Fw: Newman pics of piano Yes but the insurance company won’t pay for that and it’s unclear whether you could turn this one into a high performance piano. David Love www.davidlovepianos.com From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Farrell Sent: Saturday, January 24, 2009 4:47 AM To: pianotech at ptg.org Subject: Re: [pianotech] Fw: Newman pics of piano Whereas what David and David state is true, IMHO there is more to consider. I would always want to ask the piano owner what kind of piano do they want in their home and what is their budget. Remember that there are people in this world who buy brand new Steinway and M&H uprights at $25K a pop. If these people want an old worn piano and the budget is $1K, then of course, the piano is toast. But if they would like a high performance, state-of-the-art upright in their home and they have the money to pay for it, then by all means start a discourse with them on piano remanufacturing and redesign! Terry Farrell ----- Original Message ----- I have a customer who experienced a flood, and one of the victims was their Heintzman upright. As you can see in the pictures, the water went up about 15 inches, and everythin metal has begun to rust, and all wood has begun to disassemble itself. Would anyone recommend restoration, or should we call it a day and find a replacement. The piano before the flood may have been worth $1000 or so. Insurance will be available to replace , but I think that restoration would be prohibitive. Jim Kinnear From: "David Doremus" > Just replace it. From: David Love Cost of repair far exceeds the value. Total Loss. _________________________________________________________________ -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech_ptg.org/attachments/20090124/5e7dacef/attachment.html>
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