A quick question to anyone who’s had a claim with M&S,
Do they insure against the new value of the bike only? OR with the limit of 1k they would they throw out a claim of 1k against a bike that is worth more, even though i’d be happy for that as the limit?
I guess a bike that’s worht more is more attractive to thieves and therefore a higher risk?
Or would they consider the value as 1k and they take depreciation against it?
The bikes i’d want covering have a second hand value of over a 1k but worst case if they paid out the 1k-excess then it wouldn’t be too painfull for me to find them again SH and stump up the difference.
Considering what I think the risk is i’d effectvely self insure the difference for less than the premium hike to their cover to the true value.