2006-11-18 05:15:35 · 6 answers · asked by justin w 1 in Arts & Humanities ➔ Other - Arts & Humanities
they're telling you that in case said item gets nicked, you should insure said item for x amount, i.e. the cost of replacing it on a like for like basis
2006-11-18 05:18:15 · answer #1 · answered by Matt 4 · 0⤊ 0⤋
Matt is correct. The auctioneer is giving the replacement value. That is higher than what you could expect to resell the item; if you are selling to a dealer, that dealer will expect to have room to make a profit. Replacement value and fair market value are not the same.
2006-11-18 13:26:27 · answer #2 · answered by Anonymous · 2⤊ 0⤋
The value an insurance company would put on that object if it was stolen or lost
2006-11-20 06:28:10 · answer #3 · answered by ? 7 · 1⤊ 0⤋
It's the item's replacement value.
2006-11-18 17:38:20 · answer #4 · answered by Stacye S 3 · 1⤊ 0⤋
replacement value for stolen of damaged item
2006-11-21 11:49:33 · answer #5 · answered by AndyPandy 4 · 0⤊ 0⤋
you can buy insurance through the post office incase something happens to the package it's not expensive at all
2006-11-18 13:18:58 · answer #6 · answered by uknowme 6 · 0⤊ 2⤋