[HAM] B3 Value

[Jim Shanks]

>
> I would think that the insurance company would be looking for "replacement
> value."
>
> So why don't you just show them some online stores selling B3s?
>
> -----Original Message-----
> From: hammond-bounces at zeni.net on behalf of Jim Shanks
> Sent: Tue 5/20/2008 12:26 AM
> To: The Hammond Forum
> Subject: [HAM] B3 Value
>

That was actually my first thought, and I tried that.  My insurance guy, a
good friend, who's been in the business for 25 some odd years and is very
well respected simply said it wouldn't work.  In the event of a total loss
(I lost 1 organ in a fire already), the insurance company would simply
take the "depreciated" value of something that old if there was no proof
that it had a higher value.  Which actually sound right to me too.  Let's
face it,
the price of B3s with a Leslie and tone cabinet is all over the board on
the Internet.  Plus in order for "replacement cost" to kick in, you have
to "schedule" collectible items including well B3s, paintings, jewelery,
guns, etc..  The scheduled items all need an appraisal.  Fires are no fun,
and I don't want to go through that again.  It's really something that
everyone with any amount of equipment should talk to their insurance agent
about.  And no, I don't sell insurance.  :)

Thanks,
Jim

> Hello,
>
> I need to figure out the fair market value of 2 B3s.  The first is the
> one that I actually play at home, the one many here have been kind
> enough to help me get working.  The other was picked up at an estate
> auction, and will probably be sold (it's in better shape that the one I
> play, but absolutely no sentimental value).
>
> Anyway, I need the value for insurance and for resale.  Can this be an
> "over the Internet" kind of thing, with real good pictures and
> description, or is this a visit kind of thing, because they're kinda off
> the beaten path?
>
> I am certainly willing to pay for a proper valuation of each, especially
> if it's something the insurance company would accept.
>
> Thanks,
> Jim Shanks
>
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