BMX General > BMX Chat

Insuring bikes - advice please.

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Beckyboo:
Have been renewing my home contents today and trying to make sure all BMX related things are well insured but am not confident they are. :-\

Basically my insurers say the best way for them to agree a value that I say a bike was worth wll be by me producing a reciept. I pointed out that I might have a Clarence Cliff complete set that has a reciept in shillings but that will not reflect the price it will cost to replace it. I wondered if anyone here has ever had to make a claim and how you can arrive at a value if you bought, swapped parts, resprayed, found a frame at the tip etc etc but may need to replace a stolen bike. Photographic evidence and ebay prices not enough apparently. ;D

We are not keeping bikes in the house to be extra safe or tucking them into bed at night :(

RATTY:
Thats a very scary thought, how many of us have proper insurance cover on our bikes, its surprising just how much money is tied up in them when you look....

MartyC:

--- Quote from: RATTY on January 19, 2007, 05:52 PM ---Thats a very scary thought, how many of us have proper insurance cover on our bikes, its surprising just how much money is tied up in them when you look....

--- End quote ---

Not many but then again my bikes are mostly still in boxes or bags in either me loft or me garage  :-\  Definitely need to get something sorted out as my Kona MTB alone would cost over £2k to replace  :shocked:

Trev:
your best bet is to probably get a quote from someone who sells old-school like baggio.

i'm not sure how insurance companies work, but i thought they have to try and replace the goods stolen or compensate at the current market rate.  i mean if your house got severe structual damage by either a car crashing into it or a tree falling on it, they whole thing would get fixed. they wouldn't give you the value that the house cost when you bought it would they..

but i do think that when you take out your insurance, you can list certain items with values and they charge you a premium accordingly.

Flaz:
waxin is your man on this subject hes got his insured i think,,, speek to him  :daumenhoch:

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