FAQ
How is the market value of an older bike calculated?
Market value means the best-estimated price that a willing buyer would pay a willing seller for an item in an open and competitive market for a bicycle, component, accessory or wheelset of a similar make, model, quality, material, condition, function, type and age. The market value is determined by taking the average of the values of similar items listed for sale in the open market (like used bicycle sale websites) at the time of a claim.