value my junk?
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- madirish0
appraisers, and the highest retail value for the current equivalent you can find anywhere, plus 25%.
- capsize0
everything costs $15
- robotron3k0
12k is too low, think about it like this, what is the cost of replacing everything brand new...
- the 12k policy was purchased when i was starting out, gotta upgrade for sure!barbtastic
- barbtastic0
werd.
after paying closing costs, i'm not sure i wanna hire anyone else [unless it's for my birthday party]
i kinda just want to figure out how much it will costs to replace everything... but next time it'll all be diamond-encrusted, of course!
- barbtastic0
madirish-
this place is brand new, new appliances, new flooring, new fixtures [lights, speakers, security blah blah blah...]
do i need to ask the developer the value of the stuff they installed to crazy detail or should i just just get a ballpark number from them?
- no, because it will make you cry at how much more you paid for all those things. :)madirish
- no way, dooder... i got a SWEET deal on this placebarbtastic
- flavorful0
... I've never had renter's insurance and I've lived in some pretty suspect neighborhoods.
- barbtastic0
you think twice about these things after you've had a fire
- madirish0
the insurance company will be able to valuate the property based on a pre-determined set of criteria; that is their job. it is your job to highlight certain categories (ex: jewelry, electronics, computers, etc) as needing more coverage than what they have as default. you can just request these at will and they will explain the premium increases for each (most are pennies for 10's of thousands more coverage, btw).
to cover your bases w/ these increases, it is wise to get an appraised value for each of these things requiring the bump in coverage so nothing can be contested post event.
make sense?
- barbtastic0
yes... i think my insurance guy is just lazy. he's asking me the same questions i'm asing you, i kinda thought it was their job, too!
- radar0
include everything inside the walls - appliances everything & just reference top of line everything & mark it up a bit.
- flavorful0
* Takes notes.
- barbtastic0
flavor-
imagine if everything you own was destroyed at once... clothes, furniture, computers, etc. aside from the headache of being instantly homeless, you also have to re-buy all that stuff. better to use their money than yours.
- :( did this just happen, barb?
I'm taking notes on this thread as now need insur. given my new location. good thread. :)PonyBoy - had a fire in 2005, i was lucky... others, not so much
i saved lives, dammit!barbtastic
- :( did this just happen, barb?
- barbtastic0
thanks for the advice, ladies. i'm gonna put this guy to work...
- madirish0
yeah,
have him send you the policy and review it all, then discuss w/ them over pone/whatever. after you see the values they will give you, it is much easier to see where they are short or spot-on.
- jox0
A piece of advice when dealing with insurance companies - get everything in writing and go over their policies as if your life depended on it. They are all scum selling raincoats when it's sunny and takes them back when it rains.
- barbtastic0
i know, it's hard to pay for insurance when you feel they will find any loophole to deny funding when you make a claim.
- radar0
I got $2K for my blowup doll, I said it had sentimental value, suckers!
- barbtastic0
i'm still geeking out over owning a place. i'm not ready to be a big girl, yet!