insurance for shows

[kevin141]

What value would you put on your layout not including your stock and how would you justify this .I did a quick tot up for my layout and it added up to about £600.00 this does not take into account of time but just track buildings etc.
What do you think?

Kevin141

[Sprintex]

I've kept a detailed spreadsheet of everything I've spent so far on the layout - the joyous OCD of being an Accountant! 

Not including trains, control systems and DCC-chips I've spent a total of £1,707.75 


Paul

[polo2k]

From seeing some insurance valuations of various layouts, I would suggest that is a bargain!

[PLD]

We discussed this recently in this thread

For Home insurance, it depends on the terms of the policy what valuation basis is used i.e. whether it is material cost or replacement cost. Just make sure it is stated which method is being used.

For exhibition purposes, the valuation really should be professional replacement value for the Layout and any kit built stock; and current list price for R-T-R stock; plus don't forget all those tools and other gear you carry around with it... This may or may not be the same as you have the layout insured for at home.

Also read carefully requests for details of 'high value' items and be aware of whether the layout and stock is classified by the insurer as a 'collection' with a single overall value applied or if each individual item of rolling stock is counted seperately.

Paul

[Sprintex]

From seeing some insurance valuations of various layouts, I would suggest that is a bargain!

He did say "not including your stock", which let's face it is usually the majority of the value 

If I add in the stock, storage boxes and all the DCC equipment it's just shy of £5k   


Paul