SpanishSurfer
Member
- Joined
- Jun 22, 2018
- Messages
- 17
- Reactions
- 4
I'm not an insurance expert, but my understanding is that if you try to use your regular auto insurance, renter's insurance, homeowners, etc, you may have issues with "replacement cost", depreciated value, etc. The State Farm personal articles policy or whatever it's called is preferred specifically because it's a stated value policy. If I elect $1500 in coverage, they give me $1500, not whatever the adjusters think it's worth when it goes AWOL in a year or so.
That's correct, I spoke to my insurance agent and was informed (and have it in my policy) that they will refund me the cost that was on my receipt.