Quote Originally Posted by NbyNW View Post
I'll keep an eye out on Craigslist for your bike . . . I've never stopped looking for mine, and it's been two years.



Ah, but after filing my claim my insurance company also included in the final paperwork that if the stolen bike ever turns up, that they now own a financial interest in it . . . . not sure exactly what they meant by that -- whether I would have to pay them back for the replacement bike or whether they now consider themselves owners of the stolen bike and that I would have to pay them for its appraised value.

That said, I guess that would strictly depend on me doing the right thing and letting them know if the bike ever turns up.

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Which you should do as it is the right thing ---legally and morally (not doing so is a reason that general rates go up). In my experience, which isn't much, the insurance company was offered the replacement. You can also offer to pay them back the payout.

One payout shouldn't make a difference in your rates unless you are a brand new customer. It's the second claim that often makes a difference.