What does replacement ins do with unreplaceable antique?

by Guest » Fri Sep 09, 2011 11:27 pm
Guest

We had water damaged and a beautiful silk rug from China has been totaled and appraised at $2000. It was unique and we bought it on a trip to China. It would take years, if ever, to replace it. How does replacement insurance handle this type of claim?
Thank you.

Total Comments: 1

Posted: Sat Sep 10, 2011 04:10 pm Post Subject:

How much is it worth... that is what is paid. If the value of the item was $2000 then that is what it would cost to replace it.

How difficult it is to replace is not addressed by the insurance policy.

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