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That doesn't sound "reasonable". Aside from that, this member paid full ticket for it once upon a time, and they don't demand you buy it at full price twice do they?

For $300 he is returned to his Pre-loss condition.  If he has RCV coverage and shows a receipt for buying a new one, then his place in heaven is assured.

Agree with Bob. Insurors always have the option to repair or replace. If this was a church law it would not make any differance.

You could probably compare this to items with sentimental value, but unfortunately ACV still applies.  The solution, in hindsight, would be to schedule it just like any other valuable.  Now, if this was a property of the church itself, the settlement provisions and value (ACV) under the church policy would probably be viewed differently.

Sounds like a unanimous decision in this round table of Knights Templar and long time and respected adjusters. I will add the "Amen". This former-pastor-turned-adjuster's opinion is the same as those who have ventured their opinion before me. The insurance policy is not subject to church law. It is subject to civil law.

When an insurance company or any entity has the right thats what it means and payment of the ACV amount removes the obligation. Remember; "we have the right but not the obligation".

I disagree with Larry if he thinks all losses start from RC,  less depreciation to arrive at ACV for a property loss. In this case this article never had an established value in the market place. It was just the price placed on it by the seller and agreed to by the buyer, but not he open market.This articles value is established by the closing of the market which in this case is when the offer to settle is tendered

The analogy of the car & showroom is valid, but where I think it falls short is, a person is not compelled for any reason to replace a used car with a new one, and used ones are available on every street corner, Because of the beliefs of the insured, they are compelled by church or God to replace the item at full rcv from the church. If you do not allow RCV you are infringing on their religious beliefs. Like the sliegh on the roof scenario, this one is far fetched, but I would have to still argue for RCV, if the supervisor wanted ACV then email me and attach to file, or document conversation. The religious aspect is the only hitch in it for me.

JWG

Gotcha, and they are welcome to do so. We will help them get where they want to go, by paying ACV per the policy provisions. They can come up with the rest of the money, like they did when they bought it the first time.  We aren't forcing them to buy a used one - we are talking about the amount of the check they receive in the mailbox. 

I probably sound like a calloused A-hole, but I find it very helpful to focus on the insuring agreement. I acknowledge, but an not swayed by other factors including other peoples belief, anger, pushiness, time of the month, etc. It gets way too confusing if that other stuff enters the judgment process.

As an independent, working for lots of carriers over the years, one of them was "Church Mutual" and I'm sure many of you have done their claims as well. Of course they specialize in Churches, just like "Dentist Insurance" does dentists and I do their claims too. My point... they adjust claims just like anyone else. The policy holder has choices, how much protection they want, how much premium they can afford. ACV adjustments are the same on that church carpet as anywhere else if it is showing wear and tear.

So you take this individual member of the church, and his homeowner policy in relation to this personal property item... and it really comes down to the loss settlement paragraph and that is the insuring agreement. Just do what it says.

I have no idea what this item is, and acknowledge that there are some personal property items that do NOT depreciate, and the value on the open market may increase, not decrease.  Diamonds, fine art, etc.  But if Leland's example has them for sale on E-bay and there is a history of closed sales, then that has to be factored in.

This isn't totally the adjuster's problem.  The Insured, and his agent could have scheduled this thing at a stated value along with his artwork and jewelry that they were concerned about.  If they didn't do their homework BEFORE THE LOSS then our hands are tied in terms of our options AFTER the loss.

Yep, that skin care lotion keeps my skin nice and smooth.

But I still have the intake - and exhaust ports.

If a bench trial was held no court in the US would allow RC on this claim. I dont think any home office claim round table meeting would either..

Dependent on type of device, it may be an exaggerated value to place more money in the church coffers. This is an ACV loss of $300.00 plus shipping, or what ever the used items value is after research. I agree with Ray, no carrier would allow RCV on an item like this. It apparently has an intrinsic   value, only to the Church.

When I think of salvage, I think of a wrecked car or scrap from something that is no longer suited for it's intended purpose. If the item for sale on E-Bay is not damaged, and is simply used, I don't consider it salvage value.  It is Fair Market Value.

I would pay what we owe when we know we owe it, and deal with the 1% that re-open as a 2nd chapter in the book. Sir would you like that $300 in twenties?

OK, let's say the $40 coffee maker I just got has a value of $3,000 according to this group. Kinda like a fund raising dinner at $3,000 per plate, you know the meal isn't worth $3,000 but you are OK on contributing to the cause. Sir would you like that $40 in twenties?

Keep in mind that this guy already made his donation to his church when he bought the thing orignially, and we aren't taking that away from him or his church.  We are settling a claim for Unscheduled Personal Property.