How to value your bike/s

Whether it's a Road bike, MTB, Tandem, E-bike or custom-build, you can insure your bike irrespective of age, brand, model, upgrades or whether you bought it second-hand.

You need to decide on a value against which to insure, and that's the value you'll pay your premium on, and the limit we'll pay in the event of a claim.

If you're unsure as to the value of your bike, your local independent bike shop should be able to help you, or we recommend to base the value on the cost of buying a current like-for-like equivalent model.

If it's second-hand or a custom-built bike, grab a calculator, add up the sum of all parts...and you're good to go!

If the cycle or accessories are more than 3 years old settlement will be on the basis of like for like for condition and age.

Evidence of ownership

What we look for with our policy is proof of ownership rather than proof of purchase, which can come in a number of forms.

A purchase receipt is the most obvious example of this, but we can accept a photo (with a time and date stamp), a bank statement showing the purchase, or other information relating to the ownership of the bike/item being transferred to you.

This evidence can be uploaded and stored in your online Bikmo account 'Kit list', so you need never worry about losing a receipt again, and here's how you do it - Update your 'Kit list'

Key words: 2nd, hand, customized, customised, used