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<p>[QUOTE="GDJMSP, post: 3403858, member: 112"]This is where the problem begins. I say that because no insurance company is going to care or pay any attention to anything you have to say, or any source you reference, regarding what the coin is actually worth. What they are going to do is make their own determination of what the coin is worth and any payment of a claim to you is going to be based on that determination.</p><p><br /></p><p>In other words, if you say the coin is worth $500 and/or use references that say the coin is worth $500, but they determine that the coin is only worth $300 - they're only gonna pay you $300.</p><p><br /></p><p>My point is this, you don't need to verify anything because it's a waste of time and will have no bearing on any claim. The only reason you, as the insured, need any idea of value is so you can determine the total dollar value to decide how big of a policy you need. In other words, to decide if you need a policy with a $100,000 cap or a $200,000 cap - as an example.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3403858, member: 112"]This is where the problem begins. I say that because no insurance company is going to care or pay any attention to anything you have to say, or any source you reference, regarding what the coin is actually worth. What they are going to do is make their own determination of what the coin is worth and any payment of a claim to you is going to be based on that determination. In other words, if you say the coin is worth $500 and/or use references that say the coin is worth $500, but they determine that the coin is only worth $300 - they're only gonna pay you $300. My point is this, you don't need to verify anything because it's a waste of time and will have no bearing on any claim. The only reason you, as the insured, need any idea of value is so you can determine the total dollar value to decide how big of a policy you need. In other words, to decide if you need a policy with a $100,000 cap or a $200,000 cap - as an example.[/QUOTE]
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