Oh good point
What happens about something that has increased in value since purchase though? I'm not suggesting that mine has, but many do.
cheers,
M
Interesting question. I've just checked their terms and conditions and it says that they pay the market value at the time it was lost, which would seem to mean that it is the actual cost/value of replacement rather than what you payed. I doubt that they would make it easy though.
here's the wording copied from the special delivery t&c..
Loss or damage
6.1 If any item you have posted under this agreement is lost or damaged while it is
with us, and you provide satisfactory proof that you posted it and we received it,
we will pay you compensation for the item and its contents based on the actual
loss you suffer. The compensation will not be more than the lower of:
6.1.1 the market value of the item (not including the market value of any message or
information it carries) at the time the item was lost; or
6.1.2 £50 for Special Delivery 9am, £500 for Next Day Special Delivery or the maximum
amount of additional compensation you have paid for in line with clause 5.2.
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