How to decide on the value of your bike
I've always had difficulty with the VALUE aspect of insurance policies.
For bicycles in particular how do you determine the value?
For instance I have a Ghost 5000 Race bicycle - purchased January 2012, it was reduced from £1300 down to £899 in a sale but if god forbid I needed to replace it spec for spec it would be £1300 I would need to stump up.
what with depreciation value and the fact that there seems to be a 3 year limit should I still be putting that the bike is worth £1300 and that if I ever needed to claim this is the value that I would be asking for?
Never really needed to make a claim before (hopefully wouldn't have to) so eager to avoid any pitfalls and any advice would be appreciated.