Rich
I totally disagree with you. I don’t see how the value ratio of a box toward the value of the lighthouse has anything to do with the market value changing. If we use the 25% theory on a lighthouse with its box that is going for say $20 dollars in today’s market then the same lighthouse that does not have a box would go for around $15. That sounds about right to me.

Now if Tracey has an agreement with the insurance company to get original retail value of the lighthouse then he should be entitled to get the original retail value of the box. I don’t see this being greedy at all but just collecting on what the policy says Tracey is entitled to. If this is not acceptable to the insurance company I am sure they will inform Tracey.

Tracey
I will get the two pages emailed to you tomorrow morning.