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This blog is written by Sivers | 7 entries so far

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Burst Pipe #2: Tool Shopping

03-08-2010 09:28 PM by Sivers | 2 comments »

It’s been 4 weeks since the pipe burst and everything is getting back to normal. For those wondering about insurance in this case here is how my insurance company is handling it. They had a third party compnay come in to inventory all the damaged possesions and present a list to the insurance company. They then asked me to put a cost next to each item as well as the date it was purchased. Many of my tools were gifts or hand me downs so that was very difficult to do. In the end I just looked most of them up online to figure out prices. So insurance went through and assigned each item their own “replacement value” as well as the depreciation for each item based on the p...

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