Originally Posted by
Sy Reene
It's based on replacement value, right? Eg. maybe $500 for a new $5k bike?
Does premium drop like a rock as bike is used (eg. 2nd year large premium decline or based on bicyclebluebook values)? Or is replacement value always for a new bike whatever trim line matches most closely?
I guess curious how they'd assign value eg. for a decade(s) old Ti bike with newer components and wheels, eg. from a company that doesn't even exist any more.
I'm not sure the answer to your question, but I do know that they know the bike industry well, unlike car insurers, and are quite reluctant to pay out claims. You crash and break your RD, you are only getting a new RD. You could scratch the crap out of your shifters, but if they still function, they're not getting replaced.