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Old 01-07-08, 03:54 PM   #1
lessismore
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Price estamate for insurance

I know this is not the proper place to post this but i figured; who would now better than mechanics how to price a bike. there is no blue book for bikes.

I need to know the value of a 2004 giant tcr composite 2 with ultegra parts.

thanks for your help.
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Old 01-07-08, 05:00 PM   #2
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By the way this is not my bike i ride an Aegis(and i love it!)
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Old 01-07-08, 05:29 PM   #3
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Hard to say, take a look at ebay and see what they are selling for.

On the other hand, consider getting replacement value insurance, i.e. if you were going to replace the bike with something new what would the cost be of that new bike?
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Old 01-07-08, 05:41 PM   #4
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Yeah, go for replacement value. Used bikes aren't worth much. Add the deductible and unless you're riding a seven you'll probably be in the hole.
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Old 01-07-08, 05:46 PM   #5
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I picked one of those up earlier in the year, no wheels, for $600. Figure another couple of hundred for decent wheels. eBay is probably the best gauge of market value. Also, google looking for craigslist offerings. Having been in a car wreck and needed a quote for my trashed bike in the back, I'll tell you that you're going to need an estimate through a shop. You can start with replacement cost on a new model and they'll depreciate it down a few years.
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Old 01-07-08, 06:32 PM   #6
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A little pathetic actually, but when my golf clubs were stolen virtually everyone told me to claim they were the most super expensive elite set imaginable. And they pretty much all justified it by saying everybody does it that way and you're only cheating yourself if you don't get your share.

I claimed actual depreciated value if for no other reason than to prove them all wrong.

But do consider all the pieces. Pedals and seat and rack and everything that was carefully cultivated to be perfect for the owner.
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Old 01-07-08, 06:50 PM   #7
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Quote:
Originally Posted by dbg View Post
A little pathetic actually, but when my golf clubs were stolen virtually everyone told me to claim they were the most super expensive elite set imaginable. And they pretty much all justified it by saying everybody does it that way and you're only cheating yourself if you don't get your share.

I claimed actual depreciated value if for no other reason than to prove them all wrong.
Eh. So you still ended up with < replacement value for clubs?
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Old 01-07-08, 07:03 PM   #8
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yeah. Old friends still needle me about it. I coulda had full blown BeCu Ping irons and Taylor metals.
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Old 01-07-08, 07:04 PM   #9
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I agree that you should insure it for replacement value and pay the extra premium. Either that or leave it uninsured and basically be "self-insured", i.e. if it's stolen or damaged, you buy a new one.

Bikes depreciate fast and, as noted, with a typical $500 or $1000 deductable, you will get next to nothing even if the bike is a total loss.
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