insurance appraisal

[John M. Formsma]

Dan,

 

I looked this up a few days ago for a friend of mine, and have the info
handy. I hope the table comes through email OK.

 

John Formsma

 

This is from Larry Fine's book, the 3rd edition, which might be a bit dated.

 


AGE IN YEARS

PERCENT OF NEW VALUE


1

85


2

82


3

80


5

74


8

67


10

62


15

52


20

43


25

34


Verticals only

 


30

27


35-70

20


Grands only

 


30-70

30


Courtesy of Stephen H. Brady, RPT

 

 

 

  _____  

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Dpshans at aol.com
Sent: Sunday, April 30, 2006 8:58 PM
To: pianotech at ptg.org
Subject: insurance appraisal

 

  

I am going to visit a new client who has a nearly  fifty year old  200 cm
Bosendorfer (she believes it was built in 1958.)  She may want an insurance
appraisal on the instrument, which she claims is in "showroom" condition.
Does anyone have any advice on depreciation schedules for a piano this old,
or advice that would prove fair to both her and the insurance company?

 

Hope everyone is having a great weekend,

 

Dan Dannenfelser, RPT

Sacramento, CA

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