Insure or forget?

kahnjar1 · 7th December 2015, 07:45 PM

The point that Alex makes about depreciation is well founded as indeed some Insurance Companies DO have this clause.
Some, including the one I use here in NZ, have the option of a "Full replacement" cover, with individual cover required for items over a certain value. This of course costs a little more, but nothing like the additional charge for individual cover of items.
As mentioned above, you would need to talk to your own Insurer/Broker to establish which is the best option for you.
Stu

7th December 2015, 07:45 PM	#13
kahnjar1 Member Join Date: Aug 2007 Location: CHRISTCHURCH NEW ZEALAND Posts: 2,813	The point that Alex makes about depreciation is well founded as indeed some Insurance Companies DO have this clause. Some, including the one I use here in NZ, have the option of a "Full replacement" cover, with individual cover required for items over a certain value. This of course costs a little more, but nothing like the additional charge for individual cover of items. As mentioned above, you would need to talk to your own Insurer/Broker to establish which is the best option for you. Stu