That is my understanding also. I checked with my insurance agent (State Farm) years ago when I was doing a cross-state tour on my custom bike. He made the following suggestions:Originally Posted by mimitabby
1. Take pictures of your bike. (My advice - get close up pictures of expense bits, e.g., Campy gearing, expense rims, etc.)
2. Keep receipts.
Also, I have replacement-value on my policy. That means, if it is beyond repair or gets stolen, they have to buy me a new one. I can't imagine having to hassle depreciation on a bike. We all know they are PRICELESS no matter how old they are!!
For all you oldies but goodies -
My bike has a lugged steel frame. Replacing that would be difficult, if not impossible. You need to make sure that a qualified bike shop certifies that these special bikes are irreplaceable - well - except maybe with a Lightspeed or OrbeaHey - we all have our prices!!