I'm going to powerlevel as little as possible but I deal with the insurance industry and seen the shit people like Waid try to pull. They'll find an appraiser to wildly inflate the values, only to get their dick kicked in during the claims process.
Roughly translating corporate speak to English the report and correspondence read:
"No, your collection is worth $X,XXX NOT $XX,XXX. Here's a list of places with prices that are selling/have sold exactly what you have placed on the claim. Here are the historical values. Here is what the market is currently bearing on those items. It's not our fault you got fucked when you acquired the items. Read your policy closer."
The general rules for collectibles is:
- Did it get pulled from the shelves for some non-sales reason?
- Is it a one-off?
- Was it stolen/not supposed to ever be in public?
- 4)Did it have a very small production run compared to the current market?
If none of those are a yes, then shitcan the item. It ain't worth shit. It was made to fleece speculators. They're the only people dumb enough to think that you can actually buy money.