Originally Posted by
Ellgal
They tend to use their own supply chain to replace the product where possible. They’ll likely use DVS, LMG or Signet to validate and replace what you had.
I don’t know how their contracts work obviously but I’d be surprised if they have special consideration for low margin products like Rolex so actually the insurer might even be paying less than RRP(edit-I meant less than cost, they’ll definitely be paying less than RRP).
Used to work in this industry for a company that replaced electrical equipment (now defunct so I can say this) and we had 2 commercial models; flat discount rate from RRP (circa 12-15% so Apple, PlayStation etc. products were sold to insurers at a loss) or cost plus (usually <10% meaning most products were sold well below RRP). Obviously the policyholder never sees any of this, they just get the shiny new box.
And a note on availability, these contracts are massive so no matter how well you know your AD, these claims handling companies will be higher up the queue than you.
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