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FDP Forum / Fender Custom Shop / Assessing Masterbuilt Special Order One-Off for Home Owner's Insurace Coverage.

Contributing Member

Riverside, CA

Surf's Up!
Aug 9th, 2012 04:00 PM   Edit   Profile  

Generally speaking, just how much would a one-off masterbuilt guitar go for as far as appreciation? Would there be some sort of percentage to use each year? Or would it be based on whether or not the model is one of the more popular styles? Like a Strat vs Maurader.

A few years ago, I ordered a Jaguar to be built by a certain Senior Masterbuilder and it's the only one of it's kind as far as I know. It's beautiful. Is it just better to give a high ball guess-to-mate to my insurance company? Or will they send some goof who's only into Pawn Shop guitars as far as evaluating the guitar's value?

So what should I keep in mind if I decide to guess myself as to what it's worth?

Danny Nader


You should have been there!
Aug 9th, 2012 05:32 PM   Edit   Profile  

Whatever current retail might be would be the best number to submit to your insurance company. Look for comparable guitars for sale & use that as your guide. But retail! And insure it for full replacement value.




Aug 11th, 2012 07:47 PM   Edit   Profile  


Are you playing it proffesionally? If not it shouldnt have to be on a seperate rider


San Diego

Land of Sea, home of the Waves
Aug 11th, 2012 08:21 PM   Edit   Profile  

Depending on his policy stipulations he should examine the limitation specified in his policy declaration. As an consumer it is important to know each policy by each company is different, so a blanket "it should not need a rider" is a disservice to his interest. In fact it makes sense to have a basic valuable personal property rider for expensive items, as you main policy will have a deductible sometimes more that the value of one item. A VPP rider on the policy usually does not have a deductible.

This is intended as friendly advise and should be confirmed with your personal insurance agent, as each policy and rider does vary as written.


(This message was last edited by RufusTeleStrat at 08:22 PM, Aug 11th, 2012)

Contributing Member


RonHalen Jokingly He Says
Aug 12th, 2012 01:34 PM   Edit   Profile  

Thankks guys, this benefits us all.

Contributing Member

Riverside, CA

Surf's Up!
Aug 12th, 2012 06:25 PM   Edit   Profile  

I don't gig anymore, but I do have a valuable guitar collection.
Some are even guitars that I have built but will never sell. I'm sure that would just cover parts ordered to produce. But that's getti g off track here.

So what if there is no other guitar to compare to? It's not like this is a Masterbuilt '57 Strat in LPB. The only thing "Fender" about this guitar is that it is a Jaguar, which is not the most popular model. I assume in this case, just claim what I paid vs what it's worth? I'm thinking I can't base a value over what I paid solely on the fact that it's the only one of it's kind.

What about Fender increases over the years? I doubt I could pay the same to replace this guitar. What may have. Oat me $4099 could be $6k for the same guitar to build in 5-10 years.

I just want to be educated before having this discussion with my Home insurance agent.


San Diego

Land of Sea, home of the Waves
Aug 12th, 2012 07:18 PM   Edit   Profile  

Sometimes the policy will be endorsed at replacement cost, so if it is a Custom SHop intstrument, then they would inquire as to the replacement cost as such, not just as an off the rack Jaguar. Your agent should as part of his fiduciary duty (big name for not being a dick) to protect your assets explain the options and what is best for your situation.

Example not your situation:
Rolex watch $10k. Loss insured against : All
Replacemnt Value: ACV or Replacemnt Cost (you pay more for Replacement cost)

So it is stolen 5 years on, and you go to replace the watch and Rolex no longer makes that model, but the closest similar model is 11k or you can get a used watch of like kind and quality.

The replacement with the closest Similar model is replacemnt value. Extra cost up front but better protection on the back end.

The used similar watch is what is called Like Kind and Quality, as your watch was used then it is replaced with a used watch. Coverage is less but you would not have the full original value back.
Replacement cost coverage pays the cost of replacing your property regardless of depreciation or appreciation. Premiums for this type of coverage are based on replacement cost values, and not based on actual cash value. Actual cash value coverage provides for replacement cost minus depreciation.

Again I suggest that your professional has your policy and is required to explain the specifics to your satifaction prior to you purchasing. He will be straight with you, and if he is on comission would make more on the replacement policy.

Contributing Member

Riverside, CA

Surf's Up!
Aug 13th, 2012 07:22 AM   Edit   Profile  

Thanks for all suggestions. This helps.

FDP Forum / Fender Custom Shop / Assessing Masterbuilt Special Order One-Off for Home Owner's Insurace Coverage.

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