Originally Posted by
Deltus
In which case, the loss suffered depends on the condition of the case and what it would cost to restore the claimant to the position they would have been in had they not suffered the loss. The material questions would be what condition the case was in, and the cost of acquiring a replacement case in the same condition. How would the age of the case relevant?
It is no different to car insurance payouts if a car is a technical write off. If I get hit by another vehical, the person at fault's insurance company will pay out on the value of the car, not how much it would cost to replace nor how much it was when it was new. 10% depreciation , for UK, would base on expected duration of the object to be 10 years - this doesn't seem an unreasonable estimate to me
Originally Posted by
DeathSlam
I have a Samsonite clam shell case that I bought for my first business trip 30 years ago. I think it cost about £100 then. (Money was cheaper in those days). Based on 20% depreciation it is now worth 0.1% of its original value, i.e. 10 New Pence.
You can't buy them new any more but there is one on Ebay right now for £200.
BA only depreciates to 50% value iirc, so it would pay $50 - regardless what K2 may claim and threaten that if you dont accept its offer you will get nothing, BA will pay.