Bike insurance – valuation certificate?

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  • Bike insurance – valuation certificate?
  • Premier Icon jamesgarbett
    Subscriber

    Just changed home insurer and they say I need to get a valuation certificate for my bike from a bike shop

    It’s not an off the peg bike it’s one I’ve built up from frame only

    Has anyone else had to do this?

    monkeyboyjc
    Member

    Nope. Usually they only ask for that if its been stolen and requires replacement. Some lbs will charge for the service as well.

    Premier Icon mikewsmith
    Subscriber

    I did then found a different insurer. If you know your LBS should be easy, if you got it all from the internet then expect to pay!

    If it’s a custom build then the value of replacement is RRP on every part. Make your list and see if that is fine, in the end you need the insurance company to agree. what they say goes

    Premier Icon jamesgarbett
    Subscriber

    Sorry I wasn’t clear – they are saying a certificate will be required in the event of a claim – but it will be too late then so I need to get one now

    Premier Icon njee20
    Subscriber

    We used to have a book of valuation certificates specifically for this back in the day. Latterly as everything moved to computers we just used to print one off on shop headed paper. Didn’t used to charge if it was a bike we supplied or a customer we knew.

    Premier Icon Phil_H
    Subscriber

    I had to do that years ago with Norwich union for a bike I’d built up.
    I blagged some headed paper from my LBS and wrote it up myself, ahem.

    Three_Fish
    Member

    Do you have an Edinburgh Bike Coop near you? My local certified a breakdown I did myself listing the RRP of all the components I used in my builds. I think they charge £20 or something. Perhaps other ‘recognised’ retailers would do the same.

    Premier Icon DezB
    Subscriber

    I had to get one after a breaking a frame to claim – £15 from the LBS.
    I did ask on here if anyone would do a fellow cyclist a favour and provide one and was attacked from every side 😳
    More fool me!

    JonW
    Member

    My insurer accepted a list of the components with photocopies of ads from a recent bike mag with the prices.

    Premier Icon DezB
    Subscriber

    My insurer accepted a list of the components with photocopies of ads from a recent bike mag with the prices.

    I’m guessing this was in the 90s! 🙂

    thomthumb
    Member

    my LBS provided me with similar after an accident, for insurance. I think it cost £20, which i claimed back.

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