I used to work for State Farm and honestly I don’t think you’re understanding how the policy is supposed to work. You are supposed to be indemnified, meaning financially restored to the point you were at before the loss. Otherwise, why wouldn’t everyone just get something at a discount, get a policy, and then “lose it” to make a profit. If you REALLY wanted to skirt around this, State Farm will absolutely let you add it to a Personal Articles Policy with an appraisal. Don’t tell them what you got it for, just go get it appraised and give them that. But yea, making a profit off of a claim is not the intended purpose of insurance
I used to work for State Farm and honestly I don’t think you’re understanding how the policy is supposed to work. You are supposed to be indemnified, meaning financially restored to the point you were at before the loss. Otherwise, why wouldn’t everyone just get something at a discount, get a policy, and then “lose it” to make a profit. If you REALLY wanted to skirt around this, State Farm will absolutely let you add it to a Personal Articles Policy with an appraisal. Don’t tell them what you got it for, just go get it appraised and give them that. But yea, making a profit off of a claim is not the intended purpose of insurance