Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

User Tag List

Reply
 
Thread Tools Search this Thread
Old 09-11-02, 11:43 AM   #1
Campag Fetish Boy
I'm newly in love
Thread Starter
 
Campag Fetish Boy's Avatar
 
Join Date: Aug 2000
Location: Wales
Bikes: Ribble Sportive 7005 Veloce
Posts: 178
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Oh! What to do....

I dropped my bike the other day and ended up with a nasty dent in the crossbar. It's a Scandium frame so obviously It's trashed. I've been told that my Household Accidental Cover insurance policy will cover it. I need to get a quote, but I don't know whether or not to claim against my current frame - which was a warranty replacement or against the pre-warranty frame.

The reason I say this is that my bike was purchased for 670 and used a Look KG231 Frame which used to retail for 650 - it was old stock so I had a very good deal on the price. I have the receipts for this bike.

When the Look cracked I asked for an Alumium frame instead - but because it was based against the then retail price of the KG231 frame it was priced at 360.

Which one should I claim for???
Campag Fetish Boy is offline   Reply With Quote
Old 09-11-02, 01:29 PM   #2
Raiyn
I drink your MILKSHAKE
 
Raiyn's Avatar
 
Join Date: Jul 2002
Location: St. Petersburg, FL
Bikes: 2003 Specialized Rockhopper FSR Comp, 1999 Specialized Hardrock Comp FS, 1971 Schwinn Varsity
Posts: 15,061
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Have your LBS give you a "quote" (nudge, nudge, wink, wink, say no more). You want to claim replacement value, that is to say what it would cost to put together a similar bike at the normal joe blow price don't get into discountsbecause the insurance blokes will try to bugger you at every turn.
__________________
Raiyn is offline   Reply With Quote
Old 09-11-02, 01:46 PM   #3
Campag Fetish Boy
I'm newly in love
Thread Starter
 
Campag Fetish Boy's Avatar
 
Join Date: Aug 2000
Location: Wales
Bikes: Ribble Sportive 7005 Veloce
Posts: 178
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The funny thing I can get a quote really easily - I work in a bike shop
Campag Fetish Boy is offline   Reply With Quote
Old 09-11-02, 01:48 PM   #4
tnorman
Senior Member
 
Join Date: Aug 2002
Location: St. Croix, USVI
Bikes:
Posts: 127
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Be careful making relatively small claims against your home insurance policy. I don't know how the insurance companies in Wales operate, but in the US, if you make a few small claims, they will often cancel your policy. A friend of mine made 2 small theft claims (probably around $1,000 each), and they cancelled his policy. He then had to pay 2 or 3 times his normal premium to get a "high-risk" insurance policy.

Also, check your deductible. If it's high, it may not be worth it.

The insurance policy should specify whether they cover replacement cost or appraised cost. If you can get replacement cost, you'll get more money - see Raiyn's post.

Tim
tnorman is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 01:41 AM.