Re: [CR]estimating a bike's value

(Example: Production Builders:Teledyne)

Date: Thu, 25 Oct 2001 16:21:02 -0400
To: classicrendezvous@bikelist.org
From: "Larry Osborn" <losborn2@wvu.edu>
Subject: Re: [CR]estimating a bike's value
In-Reply-To: <1004039676.3bd86dfcc0fc2@webmail.mtco.com>
References: <CATFOODvpFVjCRGryWt0000056d@catfood.nt.phred.org>


At 02:54 PM 10/25/01 -0500, you wrote:
>Hi gang,
> I just spoke with my insurance agent, and raised the question of if anything
>special was required for my bikes. The agent's only concern was that the bikes'
>value be appraised, and suggested that I take the bikes to a local shop for
>this. My thought was that most shops would look at a steel bike with friction
>shifting and say that it was worth next to nothing.
> So.. my question to the esteemed CR group is: how do you document the value of
>your collection? What do you plan to present to your insurance agent in the
>event of theft or fire? Has anyone actually had to do this?
> To be honest, only my 74 Raleigh International is in incredible shape, and the
> sum of my bikes' values would add up to $6k at most. Maybe I just hate the
>thought that the insurance company would tell me that a modern Raleigh was a
>suitable replacement for my International.
>
>thanks,
>Steve Kurt
>Peoria, IL

Print out and save the results of equivalent ebay auctions. Not too difficult for relatively common things like Ints. Puts you in the replacement value range. Most bike shops don't have a clue unless they're selling vintage stuff.

Larry "paper blizzard" Osborn