Quote Originally Posted by gabrielle View Post
Probably...I've just heard a couple of horror stories from friends whose claims were denied/reduced *even though they had proper documents* because the insurance rep just didn't believe that a bike could cost that much.
I would have started a complaint against the agent/rep/company with Oregon’s Department of Consumer and Business Services, which handles insurance complaints and then found a better company. There can sometimes be a big difference between a market value (can be somewhat subjective) vs replacement cost policy pay-out too, which is why I have a personal property replacement cost policy. I also have separate riders for my photography items and some art I inherited. I researched insurance companies before purchasing my homeowners/auto coverage and on just the couple of instances I’ve used it they have been quick and easy to work with.

Just using their website for a quote veloinsurance said 700+ a year for my bikes and Markel wanted way too much personal info for me to even consider getting a quote from them. Considering I already have strong liability insurance, an excellent health care plan and don’t race so no racing accidents, for me that doesn’t make financial sense. If none of that applied and I did a lot of crazy crit races I might consider it, especially if I lived somewhere I was really worried about my expensive bikes being stolen