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Double check with Laka, but usually it is price to replace everything with new. Don't forget extras like bottle cages, pedals, cycle computer mounts and any upgrades like a saddle. In the case of a total loss you wanna make sure you're not underinsured.
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I value mine with what I can replace it with that year (if renewed annually) so I will take in consideration the. depreciation as well (something that car insurances do automatically).
Otherwise the premium isnt worth it, you need to get to the sweet spot of insurance being worth it.
If it was me I'd insure that for what you. have bought it for, then reduce it to £1000 next year.
hazzelfrazzel
amey
@Norfolkbound
So I've been using Laka for a solid 6 months to insure my bikes, my gf just got a new bike and was wondering what i should insure it for? She paid 1350 for it but it's rrp was £7300 in 2015/16, I've attached a picture. Is it cost to replace or price paid? Ignore the stem, new one's in the post
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