2. amps-preamps
  3. 149836-1484

anyone have experience with "replacement cost" insurance, and Allstate?

Well, thanks to a lightning strike I am without my Mark Levinson 326s. It is at the shop now getting looked at but I am not holding out a lot of hope. The 326s is not longer made, and I am worried about what Allstate will consider as a replacement.thanks for any advice you might have on this.
no_money
poorbudget's avatar
poorbudget
1 posts
 
 Based on experiences of friends and family I would not trust Allstate for any insurance matter my personal opinion. 
northbeach
54 posts
 

Dweller2 is part correct.

Most carriers will pay "Actual Cash Value" up front. If one is forced to obtain a replacement and invoke the "Replacement Cost" provisions of the policy [regardless of whether the purchased item is new or used], then the damaged owner will need to purchase whatever they need and submit the receipts to collect back the difference between ACV and RC.

ggc
178 posts
 
I looked into getting coverage for my system a few years ago. State Farm, Geico, Chubb and Farmers. They all said that my system had to be on a rider that needed to be substantiated by their appraiser who was brought on by the adjuster. Long story short -  They were all were clueless on how to evaluate a audiophile system. The cost of the rider proved to be prohibitive.
no_money OP
638 posts
 
My Levinson dealer is local. They took at look at the units and determined they were beyond repair. Allstate sent a guy by to look at them and take pictures. I am now waiting to hear back from them.
no_money OP
638 posts
 

Allstate came through!

I am very happy with the settlement they offered.

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