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Question on 17" 1920x1200 laptop and insurance value

post #1 of 11
11/28/08 at 8:10pm
Thread Starter 
Hi there,

Recently my Inspiron 9300 laptop was stolen and my insurance company accepted my claim but is only offering 1/4 of the price I paid for the laptop in 2006 saying now the market value is 1/4. My laptop was a 17" one with 1920x1200 screen. With that offer I wont be able to buy a 1920x1200 screened laptop I was wondering if this is correct and that the market value could have dropped 1/4 or are 1920x1200 screened laptops still expensive??

Also what would have happend if I had theft cover? Would Dell have replaced the Laptop and if so would they have given me a newer one from the existing Dell range?

Thanks
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post #2 of 11
11/28/08 at 9:44pm
As a general rule, notebook computer values seem to drop around 40% each year. So if you bought a computer for $2000, after one year it would be worth $1200 or 60% of the purchase price, after 2 years it would be worth $720 (60% of $1200) or 36% of the purchase price, etc. Your insurance company seems to be calculating a 50% drop per year, which is a bit high but not unheard-of.

Either that, or they're counting generations instead of years. Since current notebook technology is three years more advanced than your 9300 (which is 2005 technology, despite the fact that you bought it in 2006), it would make sense for them to say that it's the same as if it were 3 years old and thus worth 22% of the original purchase price (according to my formula), rounded up to 1/4.

The depreciation doesn't have to do with the screen- it has to do with how dated the internal components are.
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post #3 of 11
11/29/08 at 12:19am
It does seem like a fair price for 9300 if you ask me.
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post #4 of 11
11/29/08 at 12:38am
People who steal things suck and dealing with insurance co. suck. I guess it is only fitting that they go together.
Best bet may be to try and buy a used machine...duno. Sorry man no fun.
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post #5 of 11
11/30/08 at 11:31am
Quote:
Originally Posted by Djembe View Post
As a general rule, notebook computer values seem to drop around 40% each year. So if you bought a computer for $2000, after one year it would be worth $1200 or 60% of the purchase price, after 2 years it would be worth $720 (60% of $1200) or 36% of the purchase price, etc. Your insurance company seems to be calculating a 50% drop per year, which is a bit high but not unheard-of.

Either that, or they're counting generations instead of years. Since current notebook technology is three years more advanced than your 9300 (which is 2005 technology, despite the fact that you bought it in 2006), it would make sense for them to say that it's the same as if it were 3 years old and thus worth 22% of the original purchase price (according to my formula), rounded up to 1/4.

The depreciation doesn't have to do with the screen- it has to do with how dated the internal components are.
I understand your argument, but not how the screen doesn't count as a component equally to the RAM, HD etc?

Shouldn't the insurance client/customer be able to replace his notebook with a low-range 17"-1920x1200?

By the way, maybe this thread should be forked with that? Same topic...
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post #6 of 11
11/30/08 at 11:42am
Quote:
Originally Posted by danespen View Post
I understand your argument, but not how the screen doesn't count as a component equally to the RAM, HD etc?

Shouldn't the insurance client/customer be able to replace his notebook with a low-range 17"-1920x1200?
Maybe I put it badly, but the original poster seemed to have the impression that since he had a high-resolution screen, his notebook would not lose its value as quickly as others. However, since all electronics lose value at the same rapid rate, this assumption is incorrect. He did not say how much he was offered in terms of a dollar amount- just in terms of percentage. And in my explanation, I said why that percentage seems fair to me.

The insurance company could replace his notebook with another one but chose to offer a cash settlement.
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post #7 of 11
11/30/08 at 11:45am
You should be able to find another i9300 laptop in that price range to replace what was stolen to you. I know, I've been looking for the past week, since mine got stolen too.
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post #8 of 11
11/30/08 at 4:06pm
Quote:
Originally Posted by danespen View Post
maybe this thread should be forked with that? Same topic...
different post starters, and different topic if you ask me
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post #9 of 11
11/30/08 at 11:46pm
I think Skillz point is valid. Although the value of your 9300 has depreciated so has everyone else's 9300's. You should be able to get another 9300 that might even be better than your original for little out of the pocket.

I know you don't want to spend anything out of the pocket but I'm just giving you the best possible "solution" to your predicament.

Edit: spelling
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post #10 of 11
12/1/08 at 1:37am
ya, laptops dont hold any value anymore. i couldnt sell my 1330 for 600 which is about 1/2 price of a new one...
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post #11 of 11
12/4/08 at 6:13pm
What insurance company are you talking about?? I have my E1705 lappy insured with State Farm for theft and fire and if something like that happens the insured value is $1600.00 and they cut me a check for that amount no matter how old it is. Of course I pay 2 dollars a month for this coverage as well but to me its worth it.
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