[modeleng] Re: Value of models

  • From: "R.L. Roebuck" <rlr20@xxxxxxxxxxxxx>
  • To: modeleng@xxxxxxxxxxxxx
  • Date: Tue, 1 Mar 2005 13:08:13 +0000 (GMT)

Hi there Alan,

One thing that I feel is an important factor in all of this is as
follows:-

* So I am informed - imagine you insure your model (which you may have
worked on for a good many years) and it is stolen, and so the insurance
company pay up. If the model is then found, the way most insurance
companies work, you are no longer entitled to the model, you are only
untitled to what you said it is worth.

Possibly there are specialist model insurers that will allow an outcome
that would be more suited to the sentimental attachment that we would have
to our own model - but I would want to be very careful before signing up
to an insurance policy.

You also might want to ensure that you are compensated with enough money
to provide a replacement, and to then enable
you to buy back your own model if ever it resurfaces (given that the
seller may know that you are prepared to pay whatever it costs), given
that you would probably sell on the temporary replacment afterwards.

Yours,


Rich.

On Tue, 1 Mar 2005, alanjstepney wrote:

> I was looking at the value of some of "our" models.
>
> A 5" loco can easily be worth around =A35,000 to =A36,000, perhaps more.
> A large 7 1/4" loco or 4" scale traction engine can be worth over =A320,0=
00.
>
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