How do insurance companies determine replacement value for a computer?

Question

We have a situation where burglars destroyed a desktop computer.  The insurance coverage is for replacement, not depreciated value.  The computer was a fairly old Dell (running Windows 98).  Since the computer was outdated, do we use a bottom-of-the-line Dell for replacement value or do we base the value of it on the fact that it was a mid-range to high-end computer at the time of its original purchase?

tazintampa · Accepted Answer

Well insurance agency will try to low ball you but here is a trick.  Find the replacement software you are going to need.  Use the recommended requirements (not the min) off the box to show what type of system you will need to run the replaced software.  Try to find a SW that has high requirements.  If you had an existing game or graphics program is the best to use.

How do insurance companies determine replacement value for a computer?

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