insurance

In article <[email hidden]>, [email hidden] says...

Quoted message said:

how do you guys with expensive bikes go about covering yourself for insurance

i am looking to renew my h+c insurance but they all seem to have limits of £500 for push bikes

trouble is my bike is worth approx £800 and so far touch wood i been lucky

thanks

JC

I checked with my parents homeowners a little while back. it covers 95% of the estimated resale
value of the bike.
--
~Travis

travis57 at megalink dot net megalink.net~farmersOpen ↗

Chickenbomb thoughtfully penned:

Quoted message said:

how do you guys with expensive bikes go about covering yourself for insurance

i am looking to renew my h+c insurance but they all seem to have limits of £500 for push bikes

trouble is my bike is worth approx £800 and so far touch wood i been lucky

thanks

JC

see if you can purchase a rider for the excess value, should be cheap.

Penny

Technician thoughtfully penned:

Quoted message said:

In article <[email hidden]>,
[email hidden] says...

Quoted message said:

how do you guys with expensive bikes go about covering yourself for insurance

i am looking to renew my h+c insurance but they all seem to have limits of £500 for push bikes

trouble is my bike is worth approx £800 and so far touch wood i been lucky

thanks

JC

I checked with my parents homeowners a little while back. it covers 95% of the estimated resale
value of the bike.

hmm, my homeowners covers replacement value. resale value only, that's scary.

Penny

In article <[email hidden]>, [email hidden] says...

Quoted message said:

Technician thoughtfully penned:

Quoted message said:

In article <[email hidden]>, [email hidden]
says...

Quoted message said:

how do you guys with expensive bikes go about covering yourself for insurance

i am looking to renew my h+c insurance but they all seem to have limits of £500 for push bikes

trouble is my bike is worth approx £800 and so far touch wood i been lucky

thanks

JC

I checked with my parents homeowners a little while back. it covers 95% of the estimated resale
value of the bike.

hmm, my homeowners covers replacement value. resale value only, that's scary.

Penny

and it's not like it is the full resale value either. maybe i could convince them it is worth over a
thousand in frame and parts ;-) maybe it actually is, i don't really know. i'll have to research it
i guess. an estimate would be around what, $300 for a low side, and $600 for a high side? as i have
never really had a quality bike until now i have no way of really estimating it's insurable value by
looking at it.
--
~Travis

travis57 at megalink dot net megalink.net~farmersOpen ↗

Technician thoughtfully penned:

Quoted message said:

Quoted message said:

Quoted message said:

I checked with my parents homeowners a little while back. it covers 95% of the estimated resale
value of the bike.

hmm, my homeowners covers replacement value. resale value only, that's scary.

Penny

and it's not like it is the full resale value either. maybe i could convince them it is worth over
a thousand in frame and parts ;-) maybe it actually is, i don't really know. i'll have to research
it i guess. an estimate would be around what, $300 for a low side, and $600 for a high side? as i
have never really had a quality bike until now i have no way of really estimating it's insurable
value by looking at
it.

it depends on your agent. Most require you to submit proof of value... original invoice or
something. For a used bike you'll probably have to do all sorts of "research" to prove your value.

P.

Penny says:

Quoted message said:

see if you can purchase a rider for the excess value, should be cheap.

An extra rider? He'd need a tandem in that case...

;-P

Steve

just go out and attempt to buyt hte bike from parts and build a estimate list, lol.

"Penny S." <[email hidden]> wrote in message "]news:[email hidden]...

Quoted message said:

Technician thoughtfully penned:

Quoted message said:

Quoted message said:

> I checked with my parents homeowners a little while back. it covers 95% of the estimated
> resale value of the bike.

hmm, my homeowners covers replacement value. resale value only, that's scary.

Penny

and it's not like it is the full resale value either. maybe i could convince them it is worth
over a thousand in frame and parts ;-) maybe it actually is, i don't really know. i'll have to
research it i guess. an estimate would be around what, $300 for a low side, and $600 for a high
side? as i have never really had a quality bike until now i have no way of really estimating
it's insurable value by looking at
it.

it depends on your agent. Most require you to submit proof of value... original invoice or
something. For a used bike you'll probably have to do all sorts of "research" to prove your value.

P.

"Chickenbomb" <[email hidden]> wrote in
:"]news:[email hidden]:

Quoted message said:

how do you guys with expensive bikes go about covering yourself for insurance

i am looking to renew my h+c insurance but they all seem to have limits of £500 for push bikes

trouble is my bike is worth approx £800 and so far touch wood i been lucky

thanks

JC

Most insurance policies will cover replacement value up to a specified
limit. Read the fine print because that limit is usually only $500 or $1000 (an exception sometimes
exists in group policies obtained through a professional association (eg. lawyers through
their law society, etc).

The best approach is to purchase an excess coverage rider for your bike. Purchase the replacement
value amount on your bike. It will cost you x$ per thousand of coverage and usually has zero
deductible.