Transformers questions by newbies, and not-so-newbies

[Bidoofdude]

Three questions for me:

-When insuring collections, would you cost an item on how much it would cost to replace it, or how much you bought it for? (I'm highly guessing it's the former)

-How tall is MP-10 up to the tip of his horns?

-Does anywhere still have Takara MP-10 in stock?'


Thanks.

[Iriorne]

Three questions for me [...]

1. Not an expert, but will depend on the policy. Often you use a depreciated value, with the rate specified by the insurer. For example, a 3 year old computer depreciated at 20% per year with a new price of $1000 will have a current insured value of $400. You should definitely contact a/your policy provider for advice on what is most appropriate for your needs.
2. Roughly 24.5 cm.
3. Have only seen YOTH MP-10 on the usual e-tail sites. Try ebay?

[griffin]

Some insurance questions were asked here... and a policy would depend on "purchase" value, "replacement" value or "current" value, particularly when it comes to collectables that are constantly changing value.
Purchase value - what you originally spent on it.
Current value - what you can get for it now if you sold it right now.
Replacement value - what it would cost to replace it, fast (as in, paying extra to replace it now in the same condition, without searching months or years for a cheap replacement).

So for that last one, if you had a complete Optimus Prime that you bought in 1984 and it is out of packaging...
Purchase value - about $40-50.
Current value - probably about $100-200
Replacement value - could be up to or over $1000, depending on how quickly you want a complete original... that might need to be in a sealed original packaging just to guarantee it.

It's necessary to pre-allocate your collection's value according to how you want to be compensated by your Insurer, and see if an insurance company can calculate a policy to that value.
As long as you or your area is not deemed high-risk by an Insurance company, and can have the value of your items authenticated in some way (that they accept), they would just charge you a rate based on your designated value - the more you want in return for lost items, the higher the premium.

[Bidoofdude]

1. Not an expert, but will depend on the policy. Often you use a depreciated value, with the rate specified by the insurer. For example, a 3 year old computer depreciated at 20% per year with a new price of $1000 will have a current insured value of $400. You should definitely contact a/your policy provider for advice on what is most appropriate for your needs.
2. Roughly 24.5 cm.
3. Have only seen YOTH MP-10 on the usual e-tail sites. Try ebay?

Thanks man. He's taller than I thought, which is good.