SUMMARY: Settlement for car break-in gets complicated.
I will get money from the insurance company for the things stolen from my car, minus my large deductible. But because the total amount is over a certain limit, they pay me up front only the current cash value (not replacement value) minus the deductible, and then I have 6 months to replace the things, send them my receipts, and get the rest of the replacement value.
I tried to make sure I understood it before we hung up, but now I'm not sure and will have to call her back in the morning. So, let's say that my old camera cost me $400 but its depreciated value is $100. So they send me $100 (plus all similar values for everything else) minus my deductible. If I go out and buy a $600 camera, will they send me the additional $300 or do they apply $500 to the deductible and I still have to go out and buy more until I'm over the deductible? This is a little confusing.
But, yes, the good news is that I will get some money back and, if they don't force me to spend the amount of my deductible (which is large) before I start getting more back, then I'm sort of OK. Won't be able to replace everything by any means. It'll be starting all over accruing camera gear. Even basic little stuff like the remote control, polarizing filter, and lens cleaner start adding up pretty quickly. But if I have to spend the whole deductible amount first and THEN spend more beyond that to get $ back--yikes--I don't have that kind of money!
She's sending me more paperwork with the initial check to clarify everything, and I do have her phone # and email.
I really didn't have in mind spending time researching cameras right at the moment. The one I want is still too expensive--unless I just don't get any lenses for it. (That's a joke...) Sigh.
What I really resent about the jerk who probably spent 30 seconds taking my stuff is that he has taken days and days out of my life--finding info on what was missing, trying to track the original stuff down, talking to assorted folks on the phone about it, reporting it, researching replacements, shopping--on top of the money.
I hope they got what they needed out of it.