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if it was a second-hand bike you were riding, you won't get a new one out of it
But he should get his old one back exactly as it was before. In your reference, betterment is a thing which the insured party can't benefit from, @timbre is under no such restriction as an injured third party. In the end, it's up to a court to determine whether whatever settlement is offered in regard to his frame is reasonable, and it's up to @timbre to instruct his solicitors to claim for what he thinks is a reasonable compensation, it's not up to the solicitor to decide what to claim, although they may advise on what is likely to be determined by the court, and if they are any good they will have a pretty good idea of what the other party's insurer will eventually offer to avoid actually going before a judge.
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@Scilly.Suffolk @mdcc_tester
Thanks for the info!
It's a frame that isn't made anymore which is what I worry about. It would be a shame to get 150£ compensation when getting and equivalent frame would cost much more.
The insurance policy against which you are claiming will indemnify you for your losses, subject to betterment.
That's to say if it was a second-hand bike you were riding, you won't get a new one out of it.