They do insure telescopes. I have had to collect before on a total loss. There was no issues... it was an 8" LX200. There was no proof needed for the value of the item. They paid replacement. This was 5-years ago.
-------------------- Robert
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Meade 12-LX200-ACF
BINO: Nikon AEX 10x50 6.5°
DSLR: Nikon D70+CCPro2
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Saint Petersburg Florida 27°47'22.92"N , 82°43'09.48"W