PRM
Member
- Joined
- Apr 14, 2008
- Messages
- 2,111
Just got a partial settlement on my stolen Colt DS. Kind of a bizarre way of doing things in my opinion.
I sent the police report and all requested documentation to the NRA Insurance on my stolen DS. The process was very quick, I had a check within a week of submitting the documentation. Now for the rest:
1. The blue book value of my gun was set. More than fair by today's standards.
2. Then they depreciated the blue book value roughly 50% automatically.
3. Next, they took out their deductible and issued me a check.
I was then informed by letter that if/when I decided to replace it, they would reimburse my the additional depreciation cost with submission of a receipt up to the original blue book value.
I have since the theft replaced it - no problem there, and I expect to get my money back less the deductible. Here's my rant, suppose I didn't want to replace it? Doesn't seem right that I should be forced to accept half the value of my property.
I'm an NRA Life Member, and will continue to support their legislative efforts. However, I will be changing insurance carriers on my guns as soon as possible.
I sent the police report and all requested documentation to the NRA Insurance on my stolen DS. The process was very quick, I had a check within a week of submitting the documentation. Now for the rest:
1. The blue book value of my gun was set. More than fair by today's standards.
2. Then they depreciated the blue book value roughly 50% automatically.
3. Next, they took out their deductible and issued me a check.
I was then informed by letter that if/when I decided to replace it, they would reimburse my the additional depreciation cost with submission of a receipt up to the original blue book value.
I have since the theft replaced it - no problem there, and I expect to get my money back less the deductible. Here's my rant, suppose I didn't want to replace it? Doesn't seem right that I should be forced to accept half the value of my property.
I'm an NRA Life Member, and will continue to support their legislative efforts. However, I will be changing insurance carriers on my guns as soon as possible.