Nikon FM2 - can’t pull up lever to open door

[AndrewFlannigan]

My point is that the second hand value has probably reached its ultimate residual value. It shouldn’t decrease to zero over time.

The question then becomes: what is that residual value?

A second hand camera is worth what someone will pay for it. The more current the camera, the more easily that can be determined but an older camera, especially a film camera, has no obvious residual value and your claim that it "shouldn’t decrease to zero over time" just doesn't hold up in practice. An insurance company would probably expect you to provide proof from multiple sources that your camera would be worth what you claimed and that might be hard to obtain.

 

[eoSimon]

The question then becomes: what is that residual value?

A second hand camera is worth what someone will pay for it. The more current the camera, the more easily that can be determined but an older camera, especially a film camera, has no obvious residual value and your claim that it "shouldn’t decrease to zero over time" just doesn't hold up in practice. An insurance company would probably expect you to provide proof from multiple sources that your camera would be worth what you claimed and that might be hard to obtain.

Not in all cases particularly with a brand such as Nikon imho where there is a market for ‘classic’ cameras. You can search eBay for completed sales to get an idea of values.

 

[AndrewFlannigan]

Not in all cases particularly with a brand such as Nikon imho where there is a market for ‘classic’ cameras. You can search eBay for completed sales to get an idea of values.

Everything varies.

The point being: claiming for damage to an old camera, which isn't insured on a new for old basis, is always going to be a negotiation.