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Message:: [QUOTE="imrich, post: 8508096, member: 22331"]You are correct, as I stated previously, but is it an accurate market value?, the book says its NOT, and in the event of a legal action, as the insurers' attorney, I would show the printed declaration. In the eyes of a court the only real value is that which was paid by the buyer for the item. In the event of an insured loss, the value will be that paid subjectively by the insurer, who can be shown as I reported, to stall through Statute of Limitations period, paying their token amount. You're correct, that any value selected is irrelevant, other than the purchase value, until there's a claim. The value to be reported, logically should be the greatest current sales amount to be found, or one derived from a publication that reports relatively current price establishment. That is what I would teach a questioning student in my class, or whatever value they'd establish for USPS shipping. JMHO[/QUOTE]