NEWS ARTICLES SHOWS PODCAST

How much to pay Insurance Company?

1118 Views 5 Replies 4 Participants Last post by jedwil, Feb 8, 2013

Clipper

Discussion Starter · Feb 7, 2013

Recently widowed friend of ours got a call from the local police about a High Standard Supermatic .22 stolen in 2003. Seems the gun turned up, and she would like to get it back. It is in fair condition, missing extractor, spring and push rod and magazine. (Seems the insurance company paid them after the theft)

What should she offer the Insurance company for the gun?

I told her start at $50 and prepare to negotiate....Any ideas?

Save

1 - 6 of 6 Posts

· #2 · Feb 7, 2013

I would delete this thread take the gun and SHUT MY MOUTH. That's me though I have no problem taking a little from an insurance company that wouldn't hesitate to do the same to me.

More than likely they will want the item back, then they will auction it off either to employees or at an open auction.

Save

Clipper

Discussion Starter · #3 · Feb 7, 2013

cpttango30 said:
I would delete this thread take the gun and SHUT MY MOUTH. That's me though I have no problem taking a little from an insurance company that wouldn't hesitate to do the same to me.

More than likely they will want the item back, then they will auction it off either to employees or at an open auction.

I think she has already been in touch with them, but I'll check...Your way does seem plausible.

Save

RJay

· #4 · Feb 7, 2013

The insurance company will want exactly what they paid out or they want the item they paid out on, Legally it is their gun now. They may or may not dicker, they are not in the gun business, but then again they may not, they can just bring legal action if they feel it is worth it.

Save

wonderwhippet

· #5 · Feb 8, 2013

The insurance company is not interested doing the legal paperwork required for them to take possession of such a low value item. They will undoubtedly not object to the firearm being returned to the insured.

Save

jedwil

· #6 · Feb 8, 2013

wonderwhippet said:
The insurance company is not interested doing the legal paperwork required for them to take possession of such a low value item. They will undoubtedly not object to the firearm being returned to the insured.

That's my experience. 10/22 stolen, recovered a couple of years later. Insurance co. didn't consider it worth the hastle. Not so on the Colt-Sauer recovered later. Had to negotiate for it but got it at a fair price.

Save

1 - 6 of 6 Posts

This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.

Top Contributors this Month