Originally Posted by
Dave Noble
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
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.
For your car comparison you have many trade manuals from which you can get a value from.
I’m sure there is an equivalent for suitcases? I bought Mrs srbrenna a nice cabin Rimowa Topas five years ago from some nice chaps in Germany. The same suitcase would now cost nearly double. How does that work out? In the same way that you’d argue that your E-Type is now basically worthless based on a 20% depreciation?