Here’s how you measure whether the card really has that much value:
Victim claims on insurance for card.
Insurance pays out $8,000.
What does the victim now do? If he doesn’t replace his card, but instead buys himself a nice overseas holiday or a second hand car it similar, we know the card isn’t really worth $8,000.
Personally, I’d be surprised if he spent the $8,000 on a replacement card.
There are many reasons to collect things, and many reasons to let go, too.
It’s easy to think of a scenario where a collector sells an item for $8,000 and doesn’t replace it but instead goes on holiday or whatever. (In a way, that’s what it means for an item to “have” value.) Many of those perfectly valid scenarios would apply just as well to an insurance claim as to a sale.
Here’s how you measure whether the card really has that much value:
What does the victim now do? If he doesn’t replace his card, but instead buys himself a nice overseas holiday or a second hand car it similar, we know the card isn’t really worth $8,000.
Personally, I’d be surprised if he spent the $8,000 on a replacement card.
I don’t know if that’s enough of a measure.
There are many reasons to collect things, and many reasons to let go, too.
It’s easy to think of a scenario where a collector sells an item for $8,000 and doesn’t replace it but instead goes on holiday or whatever. (In a way, that’s what it means for an item to “have” value.) Many of those perfectly valid scenarios would apply just as well to an insurance claim as to a sale.