Courier insurance question

[KalMaverick]

When you courier an item to the place that's going to repair it at what amount do you insure (ie short-term insurance) the item for? Replacement value?

For example you courier a damaged tablet that will cost R5000 to be replaced with a new tablet, do you insure it for R5000 even though the tablet is probably going to cost R2000 in repairs before it will be usable again?

 

[psion]

Well if it gets lost how much will it cost you to replace it? Would you rather want to get R2000 and not be able to get a new one, or do you want to get R5000 and get a new one?

 

[Calvin22580]

You would insure it for the replacement cost.

 

[KalMaverick]

I would of course prefer replacement value, I was just wondering whether it being damaged has any relevance to what you would insure it for.

 

[ToxicBunny]

You insure for replacement value...

If they have an accident and your item is lost.. you want to replace it, not repair it.