brendon1989 Posted August 21, 2011 Share I am debating at what price I should use for insurance on this bike. What would you pay for this bike, 2nd hand?The bike is in good condition, so take that into consideration, and I'm not selling the bike, so try be honest with your answers please. Frame: Felt F1 full carbonWheels: HED Stinger 60's and Nest Titanium skewersGroupset: Dura-ace 7800Seat Post: KCNC Scandium ProHandle Bar and Stem: Ritchey Pro WC SeriesSaddle: 94g Carbon saddle from E-BayPedals: Look Keo Max Your help is greatly appreciated! Link to comment Share on other sites More sharing options...
BLITZKRIEG Posted August 21, 2011 Share Just a wild guess, but probably about 25k... Link to comment Share on other sites More sharing options...
Zac.A Posted August 21, 2011 Share The way to work it out is like this.Frame - R....?Wheels - R....?Groupset - R....?Do that quick calculation and you can see how much to insure it for. Link to comment Share on other sites More sharing options...
Genesis Posted August 21, 2011 Share Cant insure for secondhand value, but must insure for replacement value. At a guess(timate) I would reckon about R40k. Link to comment Share on other sites More sharing options...
Tiny K Posted August 21, 2011 Share Cant insure for secondhand value, but must insure for replacement value. At a guess(timate) I would reckon about R40k. +1 I would never insure for what it would cost to buy 2nd hand. You need to insure it to be able to replace the bike with a similar 'bracket' bike. Link to comment Share on other sites More sharing options...
Andre 77 Posted August 21, 2011 Share +1 I would never insure for what it would cost to buy 2nd hand. You need to insure it to be able to replace the bike with a similar 'bracket' bike.+2 Link to comment Share on other sites More sharing options...
W1Z@RD Posted August 21, 2011 Share Cant insure for secondhand value, but must insure for replacement value. At a guess(timate) I would reckon about R40k. Agree Link to comment Share on other sites More sharing options...
WR 1.0 Posted August 21, 2011 Share Insurance is old for new, you might buy a bike for R10k second hand, but if you were to walk into a bike shop on that day and buy the same bike (or current equavalent) brand new, you'd pay R30k as an example. You must insure the bike for the R30k then. Link to comment Share on other sites More sharing options...
heed0 Posted August 21, 2011 Share Insurance is old for new, you might buy a bike for R10k second hand, but if you were to walk into a bike shop on that day and buy the same bike (or current equavalent) brand new, you'd pay R30k as an example. You must insure the bike for the R30k then. +1 Link to comment Share on other sites More sharing options...
javadude Posted August 21, 2011 Share Cant insure for secondhand value, but must insure for replacement value. At a guess(timate) I would reckon about R40k. I would say more like 60K Link to comment Share on other sites More sharing options...
Grebel Posted August 22, 2011 Share That would be insured as a specified all risk item meaning that you need to insure it for replacement value (like you would a camera). If it gets stolen the insurer isn't going to shop around for a second hand bargain for you! They pay you out for the replacement costs for s bike in the same bracket as mentioned before (or what you specified as a value). If you built the bike as a custom build then you need to itemise the components as you willl probably go that route again. Link to comment Share on other sites More sharing options...
SURFER Posted August 23, 2011 Share At least between R40000-R50000. Try Cyclesure Link to comment Share on other sites More sharing options...
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