FAQ

Although we can’t give you advice on the exact value you should insure your bicycle for, we can tell you how we will determine the bicycle value in the event of a claim arising. When we accept a claim, we calculate the claim value as follows:

   
• We’ll consider the recommended retail price up to the sum insured when the bicycle was purchased new by you at the time of the claim.
• For bicycles purchased second-hand, we’ll consider the market value. To calculate this, deduct 20% off the bicycle's recommended retail price for the first year, 10% for the second year, and 5% for each subsequent year from the date of purchase.