Why do the antique experts suggest insuring an item for more than it’s worth?

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For example, on the Antiques Road Show, the expert will say an item is worth 5-8K and that they would insure it for 10K.

In: Economics

4 Answers

Anonymous 0 Comments

Because what you can sell an item for and what it will cost you to buy the item if you lose it are often different.

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