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Old April 1, 2013, 04:15 PM   #1
BarryLee
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Join Date: July 29, 2010
Location: The ATL (OTP)
Posts: 2,798
Determining Collection Value for Insurance

I just received a letter from my Insurance Company asking me to review my Homeowners Policy and see if the coverage is a still adequate. The thing that came to mind is the possibility of adding additional coverage for my firearms collection or as the Media would say, my arsenal.

It seems there are three prices one could use to determine collection value: the original purchase price, replacement cost and Blue Book value. So, for those with previous experience which number is the insurance company going to use?
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