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Originally Posted by spectre08
just make sure that your insurance coverage states "replacement value" and not "fair market value" or "depreciated value" or "purchase price."
If you have collectables that are worth more than you purchased them for, or are particularly valuable (to you, not even necessarily in the eyes of the insurance company) you can itemize them ahead of time and ask your insurer to cover them explicitly, it might just raise your premium a few dollars.
I had a custom built mountain bike years ago that I covered this way, it got stolen, and USAA asked me to build a shopping cart on a cycling shop website with the parts, they then paid me the total of the shopping cart, to the cent including taxes and shipping.
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Thank you so much for the quick response!
That is a great help!