Re: ATV Insurance
The insurance is a replacement cost insurance...so I get enough money to replace the item stolen with a same or like item at the current prices, minus the deductible.
Of course, everything has to be substantiated via police reports and so forth proving the machine was actually stolen. Basically I have to jump through all the hoops to get the money...but it is better than having to come up with the cash myself for a new machine out right.
The premiums are low enough that I could pay the premiums for years before I bought the machine back so it's not too bad. Not ideal, but the better of two evils as I see it.