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Author Topic: Used sawmill value for insurance  (Read 1049 times)

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Offline TGS

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Used sawmill value for insurance
« on: December 08, 2012, 11:19:31 PM »
How would a person ever put a price on their sawmill for insuring it? I've got a B20 with about 250 hours and really have no idea.

Online Tom the Sawyer

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Re: Used sawmill value for insurance
« Reply #1 on: December 09, 2012, 12:20:00 AM »
I suspect your agent would tell you to figure replacement value.  If you had to replace your mill with a similar one you would check the listings for B-20s with comparable age, options and hours.  B-20s are pretty popular and you should be able to get a reasonable value for your insurance purposes.  Anything you find, print it out and save it for your documentation. 
07 TK B-20, Custom log arch, 20' trailer w/log loading arch, F350 flatbed dually dump.  Piggy-back forklift.  LS tractor w/FEL, Bobcat S250 w/grapple, Stihl 025C 16", Husky 372XP 24/30" bars, Grizzly 20" planer, Nyle L200M DH kiln.
If you call and my wife says, "He's sawin logs", I ain't snoring.

Offline sawmillhand

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Re: Used sawmill value for insurance
« Reply #2 on: December 09, 2012, 01:00:49 AM »
I have just got a quote on my sawmill its a 1990 model  and i had to call woodmizer and give them the hours and year and they sent back what they thought the mill was worth then i forward it to the insurance man that is a sponsor on the forum. By the way Margeson & associates are very help and will work with anyone anywhere. I work on a oil rig and it took a couple days to get all the information together and they was very patient and helpful. You might be able to call timberking and see if they can give you a estimate
1990 woodmizer LT40 Hyd  2004 Ford F350 Flatbed. Plenty of tractors.

Offline TGS

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Re: Used sawmill value for insurance
« Reply #3 on: December 09, 2012, 07:26:04 AM »
Yeah margeson is who I'm dealing with. They're really friendly folks.

Offline MAI

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Re: Used sawmill value for insurance
« Reply #4 on: December 13, 2012, 12:40:15 PM »
Hey Guys,  DJ here at Margeson's.   I always tell sawyers to call the manufacturer and ask for the current value of a mill based on year, model and hours.  They typically will give you a price range.  Sawmillhand,  when you are on solid ground and ready, we're ready.  Hi Tom,  haven't spoken with you in a while, hope all is well.

Offline Paper Maker

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Re: Used sawmill value for insurance
« Reply #5 on: December 13, 2012, 03:36:53 PM »
 I have a 1999 B-20. I have it insured for 20,000.00. My agent let me pick the amount. The more I insured it for the the higher the premium.

Offline Okrafarmer

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Re: Used sawmill value for insurance
« Reply #6 on: December 13, 2012, 07:20:15 PM »
I think I'll be talking to you soon, DJ!
No matter how conventional wisdom may fly in the face of radical thought, it's still the most popular type.

Reduced to Uber Driver and a broken MS290 Stihl

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Offline Jasperfield

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Re: Used sawmill value for insurance
« Reply #7 on: December 13, 2012, 10:00:01 PM »
Okrafarmer,

If I were you I'd talk with him sooner rather than later.

South Carolina is one of the places where my stolen mill may have gone.

Offline Okrafarmer

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Re: Used sawmill value for insurance
« Reply #8 on: December 13, 2012, 10:54:04 PM »
Okrafarmer,

If I were you I'd talk with him sooner rather than later.

South Carolina is one of the places where my stolen mill may have gone.

We are changing our business structure, and this is a good time frame for adding the insurance. But I am lining the duckies up on the whole transition thing, so insurance is one of the pieces and it will have to be dealt with in proper timing.

BTW, I'm quite certain my mill is not yours!  ;D Remind me again what model of mill you lost, and what identifying features it has?
No matter how conventional wisdom may fly in the face of radical thought, it's still the most popular type.

Reduced to Uber Driver and a broken MS290 Stihl

Genesis Hardwood Lumber

Offline MAI

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Re: Used sawmill value for insurance
« Reply #9 on: December 14, 2012, 01:16:33 PM »
Coverage can be based on the Actual Cash Value (ACV) of a mill which is (Replacement Cost less Depreciation).  That's why we always recommend contacting the manufacturer for the current market value price range of their mill.  Then they have a pretty good idea what their mill is actually worth.

 


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