They said to me (and I asked them to repeat it for clarity) that if a direct replacement cannot be provided then they will pay out half the value that you are paying to insure it for, less the excess.
@Dammit started
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They said to me (and I asked them to repeat it for clarity) that if a direct replacement cannot be provided then they will pay out half the value that you are paying to insure it for, less the excess.