I was burglarized and they got my Samsung LNT4061F 40" 1080p LCD. I have ‘replacement’ insurance as opposed to ‘actual cash value’ coverage – which is a topic all on its own.
Basically, ‘replacement’ coverage equates to them supposedly not just giving ‘actual cash value’ for my television – which would have meant it depreciated at what they figure to be 50% for a 5 year old television. So, what they do to you is they find what they consider to be the ‘replacement’ with the same tech as your television (or other item) and in my case – they claim that my $1,150 Samsung is now equal to a like less than $450 television (which it is not, but they claim they are willing to negotiate that).
That might be all well and good, but what they do then – is they only pay out 50% (depreciated value or actual cash value) of the less than $450 until you purchase the item they approve as ‘replacement’ – which is yet to be determined. Following me? They are essentially wanting to give me like $233 dollars upfront for ‘replacement value’ on what might otherwise presumably be nearly $700 for simple ‘actual cash value’ by their own estimation of depreciation.
So, I’ve got to make the argument that I’m not accepting just whatever television that they claim to be equal to mine. I bought a higher end LCD when I purchased that had 3 HDMI and 2 Component connectors, etc. Not the cheapest set I could find with a 40” screen which is more or less what they would like to claim as ‘replacement’ if I can’t argue a case I suppose.
The Samsung website shows that their E7500 Series televisions have 2 component connections, but I’m not seeing that reflected elsewhere on their own website or Best Buy, etc. I know component connectors are not the current standard, but I have legacy components that only have ‘component’ connections that are not all that old. A Panny C72 for starters and my old Xbox, etc.
Am I missing something? Do they actually not make any televisions with more than one component input? Any advice on negotiating this ‘replacement’ coverage business would be appreciated btw. I’m trying not to flip out over what they’ve brought to the table as their settlement of the claim.