No idea how it would pan out - but for many bikes the replacement cost with a new comparable bike is high - so if your 1976 Sachs gets destroyed, paperwork from Richard showing current replacement cost with a newly produced similar frame would be extremely high . No idea how ugly or not it would be to settle with this logic. If you can show I think that value of the old item is NOT based on its simply being old, I suspect you have a leg to stand on. A shaky leg.
Mike Kone in Boulder CO
> After filing a FedEx claim for a damaged antique I recently sold, I learned some
\r?\n> important information about the "insurance" value that can be claimed for an
\r?\n> item damaged by FedEx in shipment. This definitely applies to our VINTAGE
\r?\n> BICYCLES, so anyone who uses FedEx to ship bikes should please read this, and/or
\r?\n> thoroughly read and understand the Fed/Ex shipping limitations regarding
\r?\n> declared value.
\r?\n>
\r?\n> FedEx Ground shipping is limited to a maximum claim liability of $100.00,
\r?\n> regardless of the declared value stated on the shipping record. The typically
\r?\n> higher cost FedEx Express shipping allows for a greater maximum claim liability
\r?\n> of $500.00 for shipping damage, regardless of the declared value. These
\r?\n> limitations are enforced against items defined as antique, vintage, or
\r?\n> collectable. Please note that they do not adhere to the technical definition of
\r?\n> an antique as being an item that is 100 years of age or older. FedEx also made
\r?\n> it clear that they do not "insure" the items shipped through them, and they
\r?\n> suggest seeking and purchasing insurance elsewhere for valuable antique/vintage
\r?\n> items that fall outside their declared value limitations and exclusions.
\r?\n>
\r?\n> So for example, you ship a bike made in the 1960s or 1970s via FedEx ground
\r?\n> with a declared value of $750.00, and it is damaged by FedEx in the shipment
\r?\n> process, you will only recover $100.00 for the damage, and suffer a $650.00
\r?\n> loss. The loss would be $250.00 if the same bike was shipped via the FedEx
\r?\n> Express service. I could not determine the age cutoff that FedEx uses to define
\r?\n> vintage in the limitation, but they stated they would pay for the declared value
\r?\n> for a "new" bike damaged in shipment.
\r?\n>
\r?\n> While I have been a fan of using FedEx for shipping bikes and heavier large
\r?\n> antique items, I did not fully understand their claim limitations for the
\r?\n> various shipping methods, and would have suffered greater financial loss if more
\r?\n> of the shipped items were damaged in transit. I have incorrectly assumed that
\r?\n> the declared value is the amount that would be reimbursed for an item damaged in
\r?\n> shipment by FedEx, and fortunately have not experienced any damage resulting via
\r?\n> a FedEx Ground shipment to date (knock-on-wood).
\r?\n>
\r?\n> Again, just wanted to make everyone aware of this prior to using FedEx for a
\r?\n> valuable vintage bicycle shipment. This information is provided as I understood
\r?\n> it from my conversation with FedEx representatives this morning, and is intended
\r?\n> for informational purposes only. I strongly recommend that you read and discuss
\r?\n> any questions that you may have with FedEx prior to shipping.
\r?\n>
\r?\n> Regards,
\r?\n> Kevin Kruger - Grantville, PA
\r?\n>
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