Archived posting to the Leica Users Group, 2000/05/03
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Mike, can you explain the downside to Actual Cash Value? I mean, if I lose my M3 wouldn't the ACV be what it would cost me to replace it with another M3 in like condition? Do I run a risk of not being able to replace my camera assuming my max. scheduled amount is sufficient to cover this cost? The thing I like about the rider is the part where Mysterious Loss if covered, as well as no deductible. My regular HO's insurance has a $500 deductible, which is fine for my level of risk around the house. But I go out in the streets with my Leicas all the time, and I have been repeatedly warned by the "Leica police" <g> that this is an exceptionally bad idea. don't know what they expect me to do with these cameras other than go out and shoot with them, but apparently there really are gangs of thieves in my fair city who are very aware of what a Leica is worth. As explained to me, a typical MO is for perp no. 1 to bump into you from the front as a distraction while perp no. 2 cuts your strap and dashes off with the goods into a crowd. I love my Leicas, but if someone shoves a gun in my face and says your Leica or your, or your wife's, or your dog's life, I will hand over the camera on a silver platter and say yes sir while I do it! I just want to make sure I can get another camera if that ever happens. Bob Kramer Atlanta (one of the highest crime rates in the country), GA > -----Original Message----- > > From: Mike Leitheiser <flyh2o@worldnet.att.net> > Subject: Re: [Leica] Leica camera & insurance > > Replacement value? Read the actual polilcy form. All too many agents > think that scheduling items on a marine form means replacement cost as a > pay off. Not necessarily so...Your pay off may well be only "ACV" or > actual cash value and is always subject to a max of the scheduled > amount. A good homeowners policy avaolable in most parts of the > country already provides coverage for the perils you indicated subject > to the deductible on a replacement cost basis.