I usually advise my clients to make sure they purchase insurance as replacement coverage. I believe it used to be called "replacement insurance." Some insurance companies automatically give you depreciation insurance unless you specify otherwise. Tell her to update it periodically. If it were to be lost in a fire for some reason, she would obviously have to replace it. I tend to lean toward the higher side end to be safe. Jer Groot RPT From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of J Patrick Draine Sent: Saturday, January 16, 2010 4:08 PM To: Pianotech List Subject: [pianotech] insurance evaluation on a Steinway B Hi, I'm putting together an appraisal for customer who is heading out to retire in CA after a career of teaching piano in universities. She's bringing along her 1962 ebony Steinway B, and I'm eager for any input on placing a proper value on her instrument. I have done some background research -- S&S has an MSRP of $81,200 (Larry Fine has $79,180 as the "street price"). So this should be the replacement price, if she elects to buy that level of coverage. The piano was well maintained (she also had an L, and pianos in the university's teaching studio), but 48 years does take its toll too (brassy tone, but still quite enjoyable as is). What do you see in prices for Bs these days? I have done some price comparisons from a large sampling from the pianomart.com site, but these are "asking prices", not actual sales prices. For the moment I won't post those numbers. For those of you selling "quality used", as well as your restored (to totally re-engineered), Steinway Bs, your input and advice would be greatly appreciated! Patrick Draine Billerica, MA _____ avast! Antivirus <http://www.avast.com> : Outbound message clean. Virus Database (VPS): 100116-1, 01/16/2010 Tested on: 1/16/2010 10:32:02 PM avast! - copyright (c) 1988-2010 ALWIL Software. -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech.php/attachments/20100116/a87a4894/attachment.htm>
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