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Nursery Forum & Plant Health
Help Pricing/Determining the Value of Trees
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<blockquote data-quote="OM617YOTA" data-source="post: 8235527" data-attributes="member: 168313"><p>Don't be conservative in your estimate. The insurance company is hoping your own estimate will be lower than theirs, and they'll say "suuuuuuuuuuuuuure we can pay you what you want." If anything, estimate higher. Add 50% or maybe double it. Find the highest retail price you can get for anything comparable to what you've lost, and base your numbers on that, not the lowest price or mid point price.</p><p></p><p>For an actual contested valuation, no the person receiving the payout doesn't get to decide what everything is worth. Someone will say their totaled 1993 Honda Civic with 400k miles on it is worth $42,000.</p></blockquote><p></p>
[QUOTE="OM617YOTA, post: 8235527, member: 168313"] Don't be conservative in your estimate. The insurance company is hoping your own estimate will be lower than theirs, and they'll say "suuuuuuuuuuuuuure we can pay you what you want." If anything, estimate higher. Add 50% or maybe double it. Find the highest retail price you can get for anything comparable to what you've lost, and base your numbers on that, not the lowest price or mid point price. For an actual contested valuation, no the person receiving the payout doesn't get to decide what everything is worth. Someone will say their totaled 1993 Honda Civic with 400k miles on it is worth $42,000. [/QUOTE]
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