Bicycles purchased new and less than two years old
List at the purchase price or the new recommended retail price, whichever is greater.
Bicycles older than two years old
The sum insured should be reflective of market value. Market value means our best-estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market for a bicycle or custom part or accessory of similar make, model, quality, material, condition, function, type and age.
To calculate this, take the original recommended retail price of the item and deduct 10% for every year or part thereof.

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