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AV Equipment & Insurance
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<blockquote data-quote="PearlJam" data-source="post: 1187352" data-attributes="member: 824"><p>If you intend to under-insure the speakers, you need to disclose it upfront otherwise average will be applied to any contents claim. The correct way is full replacement value for all contents. But it is definitely something you can do to deliberately under-insure specific items. On the analogy of a car, a big difference is that premium is largely based on partial losses and not total losses. That is why older cars are written off for a bumper bashing. Cost of parts are horrendously expensive.</p></blockquote><p></p>
[QUOTE="PearlJam, post: 1187352, member: 824"] If you intend to under-insure the speakers, you need to disclose it upfront otherwise average will be applied to any contents claim. The correct way is full replacement value for all contents. But it is definitely something you can do to deliberately under-insure specific items. On the analogy of a car, a big difference is that premium is largely based on partial losses and not total losses. That is why older cars are written off for a bumper bashing. Cost of parts are horrendously expensive. [/QUOTE]
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