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Old 05-07-2024, 09:49 AM
Carter08 Carter08 is offline
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Join Date: Jul 2021
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Quote:
Originally Posted by calvindog View Post
If the choice was to follow what your insurance company told you to do or else they wouldn’t cover a penny of the loss, or do it your own way, not have the auction, and lose $2 million, what would you do?
That would be “interesting” insurance policy language if it required a fake auction to establish value or the recovery would be zero. If the items are covered there would be many alternatives to determine value that wouldn’t involve wasting customer time.
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