Greg315

I am hoping some of you experienced bike enthusiast out there can help me out. For insurance purposes I need to know what it would cost to replace a 2001 model Cannondale F400 and a Giant Boulder 4130 CroMo I believe its also from around the 2000 model year. My insurance will pay to cover the equivilant of those bikes not just what you could by that bike on ebay for. I greatly appreciate any and all thoughts that you may have.

GlennR

They're gonna give you full new value for 20 year old bikes?

Who's your insurance company?

CrowSeph

Is this? https://www.subito.it/biciclette/gia...-366090361.htm
Tell me more about the cannondale , some months ago i found an f400 (or f500) with vbrakes and deore xt with a fatty fork for 150 euros.
But i don't know if we are talking to the same bikes , obliviusly if your insurance pays you can always pay the card "they are rare" to improve the cost.

Greg315

Glenn my insurance is a replacement cost policy not a cash value policy. That’s why they will pay to replace a 20 year old bike with today equivalent. Just need to know what today’s equivalent is. My insurance is thru Farmers Mutual

Herzlos

You'd be best trying to find something that's a suitable replacement and showing the insurance company the price list for those.

indyfabz

Now that jingle is stuck in my head.

cyccommute 

I’d say to look at the Cannondale SE3 or SE4. It would be hard to say which is closer to the F400 but either on is similar.

I have replacement insurance as well. I’ve used it twice. After the first time, I started keeping a detailed spreadsheet on all of the components I use. The second a bike was stollen, I had a list of all the components. I also keep a file (electronic as well as hard copy) of the major parts of the bike so that I could prove to the insurance company what was on the bike.

Troul 

Email the oem for the retail price.

dedhed

Don't forget accessories like pedals, bottle cages, racks or other items changed from OEM. I went as far as seat bag, multitool, pump etc when filing a claim.

masonv45

You're going to need to prove to the auditor what the market value of the bike. Easiest way would be to find 3 "completed" ebay auctions and present all three. The auditor should take the average price of all three.

cyccommute 

That’s where my spreadsheet idea helps. I keep an up to date list of accessories and upgrades. I keep a running total as well but I don’t show that to the insurance company...nor my wife!!

Greg315’s insurance (if it is anything like mine) is replacement value, not market value. He needs to know the value of an equivalent 2021 bike. The suggestions I made reflect the level of componentry found on the F400.

blakcloud

When this happened to me, I went to a bike shop and let them do all the work. Go to a Cannondale shop and let them write up the estimate and the same for the Giant. When it comes from a some what trusted source, the insurance companies tend not to fight as much. Good luck.

Greg315

Thank for all the replies I greatly appreciate all of them. I think my best bet will be to go to a Cannondale and Giant dealer and have them write me up a replacement value slip. Thanks again for everyone's thoughts. Have a great day!

Milton Keynes

We are Famers, bombadombom bom bom bom... Dang it, me too!

philbob57

I agree about going to a brand's dealer. There are games you can play if market value is in question; I got a good bit of money for a stolen bike by pricing the parts separately. For replacement, the dealer is the best bet. 2nd best may be the distribution companies.

Rogerogeroge

We've seen a thing or two. Bikes trampled by a herd of Rhinoceroses? Yep, we covered it. That's why your insurance rates are so high - if your property is trampled by a rhinoceros, we'll cover it!!! Well, our rates are also high because we advertise so much.

You should try (NOT GONNA MENTION!!!) We customize your insurance so you don't have to pay for ridiculous crap like insurance against rhinoceros herds! But our rates are also so frickin high because we advertising more!!!

Drew Eckhardt 

Yes. That's what "replacement value coverage" does.

I pay Farmers Insurance a little extra for mine.

GlennR

I guess you missed post #4.

So if you had a 3x7 steel bike with cantilever brakes, how do they value it since you can't buy a similar bike? Do they adjust for inflation?

ClydeClydeson

You get a LBS to write a quote for a 'similar' bike. If you had a mass-produced steel bike from 1993, a mass produced Aluminum bike with similar quality of parts from 2021 would be considered an equivalent.

If you build up an old Fuji frame with 1989 Dura Ace parts, the 'replacement' value would be a modern bike with Dura Ace parts - even if it cost you $300 to build the original bike and a replacement is $4000.

And, as mentioned, generally the water bottle cages, odometer, lights, lock, upgraded replacement pedals, saddle bag and kickstand add to the replacement value, if they got stolen with the bike.

phughes

Replacement value is for a new comparable bike, not used.

Sy Reene

Specialized Aethos sounds right

phughes

That is irrelevant, they go by what is available today. Besides, you could get a bike very similar to that if you wanted. It's like the replacement value on a house. My policy shows a replacement value that is much higher than what I paid for it. The new house would of course have things my current one doesn't, newer style toilets, newer style refrigerator, stove, oven, dishwasher, faucets, etc.

Sy Reene

The F400 was I think a front suspension MTB of some sort; Shimano LX and Deore components. Lowest cost current bike on CDales site of a front susp MTB is $2400 for a model called the F-Si Carbon 5. Prices go up from there. In theory then, the worst you could do is the $2400

cyccommute 

You are correct that that the F400 was a front suspension bike with LX and Deore. But the F-Si isn’t the equivalent. The Trail SE 3 or SE 4 is. Deore equipped hardtail with aluminum frame.