My friend smashed up his 42" LCD tv, it was knocked off its table stand. With my insurance i think i pay a little extra to insure single high risk items like a tv, i dont think he has though. Whats the best he can expect to get reimbursed for his little disaster??
2006-12-28 20:40:38 · 6 answers · asked by GAZ 1 in Business & Finance ➔ Insurance
Well, on a standard homeowners, NOTHING. On your policy, I bet it wouldn't be covered, either. Call your agent and ask. The standard homeowners/renters policy covers "stuff" for "named perils", and falling (or knocking over/down) isn't a named peril.
If you have a high-end policy like a CHUBB homeowners, contents are covered on a "risk of direct physical loss" basis, which DOES cover knocking over, but those policies usually have a hefty deductible (starting at $2500), and are very expensive to begin with.
2006-12-29 01:15:56 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
If the policy does not cover it, like you were wise enough to get for yourself, than the best he can expect is a letter from the agent saying they wont pay for it.
But, if he does have some type of coverage, there are 2 possibilities, both of them are based on the type of coverage purchased (less the deductible, if any): he could get replacement cost, which will get him a new one or similar at the original price. Depreciated cost, which will pay a certain percentage of it depending on the age of TV.
2006-12-29 08:57:29 · answer #2 · answered by ricks 5 · 0⤊ 0⤋
well whats the tv value? whats his deductible? if its a $1000 tv and he has a $500 ded, he needs to think hard about it before making a claim that will pay him only $500. Not really worth it for a claim that will show on him for 3-5 yrs. his policy may cover it, he needs to call his agent. I have had clients that accidentally damage property themselves and the companies pay.
2006-12-29 08:17:24 · answer #3 · answered by Queen B 6 · 0⤊ 0⤋
If he's only got ordinary contents insurance, and he was the one who knocked it over, zilch.
If he's got accidental damage cover, there's usually a limit of £500 or £1,000 on a single item that's not specified in the schedule.
2006-12-29 04:44:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If his insurance policy doesn't cover accidental damage then probably nothing at all.
2006-12-29 04:44:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
impossible to answer without sight of the policy .
2006-12-29 04:45:02 · answer #6 · answered by Anonymous · 1⤊ 0⤋