[HAM] B3 Value

[Ricky Leonard]

My insurance company will insure my (cargo/band) trailer, but, will not
insure my equipment that's inside my  trailer. I guess I'll have to find a
company that specializes in this kind of insurance. What do you guys do?
What company do you suggest?
Also, I was told once upon a time, that if my B3 was in my house, like a
piece of furniture, it "would be" covered by my home owners insurance. But,
if it was out of the house, on a gig, or en-route to or from a gig, it
"would not" be covered. And, I was also told that my equipment in the
trailer would be covered, if the trailer was stolen or broken into while
sitting at my house.
Aparently, there's a lot of "if, and's and but's" in the wording of
insurance policies concerning this kind of stuff.
Par for the course I guess.

 Ricky


On Tue, May 20, 2008 at 9:16 AM, Jim Shanks <jgs at shanks.cc> wrote:

> >
> > 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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