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Vintage Star Wars Collecting
Vintage Collecting Chat
latest palitoy MOC prices from this mornings Vectis auction
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<blockquote data-quote="Doomseeker" data-source="post: 272607" data-attributes="member: 4188"><p>Not sure if this has been covered, but these prices will have a MASSIVE impact on collection/home insurance. I was listening to the Jeremy Vine show (the shame!!!) and they were talking about loss adjusting. Didn't know exactly what that was but now I do I'm gonna have to call up my home insurance company. Basically if your cover is for £40,000 but the loss adjuster reviews your case and decides that you have £80,000 worth of goods then the insurance company will only pay you £20,000 as you have invalidated part of your agreement with them! Where's this going re: Star Wars.....</p><p></p><p>Well all of a sudden your collection from an insurance perspective is worth **** loads more than it was 1 week ago as any investigation would look at recent sales and what it would cost to replace any items, you thought that FX 7 you had would only cost you £150 to replace.....not anymore, the insurance company will now say it would cost £7,000 to replace. This will have a huge impact should the very worst happen to you collection..</p><p></p><p>To summarize....your Palitoy Star Wars collection probably wont be covered anymore by standard insurance!</p><p></p><p>Hope this all made sense!</p></blockquote><p></p>
[QUOTE="Doomseeker, post: 272607, member: 4188"] Not sure if this has been covered, but these prices will have a MASSIVE impact on collection/home insurance. I was listening to the Jeremy Vine show (the shame!!!) and they were talking about loss adjusting. Didn't know exactly what that was but now I do I'm gonna have to call up my home insurance company. Basically if your cover is for £40,000 but the loss adjuster reviews your case and decides that you have £80,000 worth of goods then the insurance company will only pay you £20,000 as you have invalidated part of your agreement with them! Where's this going re: Star Wars..... Well all of a sudden your collection from an insurance perspective is worth **** loads more than it was 1 week ago as any investigation would look at recent sales and what it would cost to replace any items, you thought that FX 7 you had would only cost you £150 to replace.....not anymore, the insurance company will now say it would cost £7,000 to replace. This will have a huge impact should the very worst happen to you collection.. To summarize....your Palitoy Star Wars collection probably wont be covered anymore by standard insurance! Hope this all made sense! [/QUOTE]
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Vintage Star Wars Collecting
Vintage Collecting Chat
latest palitoy MOC prices from this mornings Vectis auction
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