insurance appraisal

[John Ross]

Sometimes, the policy is for replacement value. So you would have to know if that was so.
John M. Ross
Windsor, Nova Scotia, Canada.
jrpiano at win.eastlink.ca
  ----- Original Message ----- 
  From: John M. Formsma 
  To: 'Pianotech List' 
  Sent: Sunday, April 30, 2006 11:19 PM
  Subject: RE: insurance appraisal


  Dan,

   

  I looked this up a few days ago for a friend of mine, and have the info handy. I hope the table comes through email OK.

   

  John Formsma

   

  This is from Larry Fine's book, the 3rd edition, which might be a bit dated.

   

        AGE IN YEARS
       PERCENT OF NEW VALUE
       
        1
       85
       
        2
       82
       
        3
       80
       
        5
       74
       
        8
       67
       
        10
       62
       
        15
       52
       
        20
       43
       
        25
       34
       
        Verticals only
        
       
        30
       27
       
        35-70
       20
       
        Grands only
        
       
        30-70
       30
       
        Courtesy of Stephen H. Brady, RPT
        
       

   

   


------------------------------------------------------------------------------

  From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Dpshans at aol.com
  Sent: Sunday, April 30, 2006 8:58 PM
  To: pianotech at ptg.org
  Subject: insurance appraisal

   

    

  I am going to visit a new client who has a nearly  fifty year old  200 cm  Bosendorfer (she believes it was built in 1958.)  She may want an insurance appraisal on the instrument, which she claims is in "showroom" condition.  Does anyone have any advice on depreciation schedules for a piano this old, or advice that would prove fair to both her and the insurance company?

   

  Hope everyone is having a great weekend,

   

  Dan Dannenfelser, RPT

  Sacramento, CA
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