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<DIV>Three terms are operable here: replacement value, market value and
depreciated value and whether they have scheduled personal property coverage or
just contents coverage. Which term applies in this case depends on your
client's insurance type. I.e., if they have replacement value insurance,
no problem - go to the store, pick out a new piano; if they have market value
loss coverage, then your 75% to 80% number would kick in; if they have
depreciated value loss coverage, they're probably looking at getting ten percent
or less.</DIV></DIV></BODY></HTML>