Originally Posted by
.popcycle.
It seems that you're unfamiliar with how replacement insurance works in the USA.
For example, my almost 20 year old cross bike was stolen. I could take the 80% depreciated value as cash, or I could receive the full mid-four figure replacement value if I provided receipts showing that I actually replaced the bike.
As far as I'm aware, and it isn't something I follow closely, it either isn't available (or not quoted) here, or the maths indicate you'd have been better off puttinhg that 20 years worth of insurance premiums in a high interest savings account. Happy to hear if I'm incorrect, by the way, but bear in mind many people living in France do not have a positive view of insurance companies and even the police warn you to take care.