[notfarnow]

Only loan what you're willing to lose.

When you loan someone something, YOU are taking a risk. It doesn't always work that way in practice, but ultimately I think it was up to you to either keep it fully insured or not loan it out and risk losing it. It really sucks, and I wouldn't want to be in your position or your nephew's.

If he's staying with you, maybe get him to work it off? Paint your house or something? On the upside, the kid has surely learned a lesson about borrowing things.

Reminds me of the Pelicanite who borrowed the snowmobile and wrecked it. Whatever happened with that?