Re: [CR]Re: Insuring bikes


Example: Framebuilding:Restoration

Date: Sun, 4 Apr 2004 20:22:27 -0700 (PDT)
From: r cielec <teaat4p@yahoo.com>
Subject: Re: [CR]Re: Insuring bikes
To: Richard M Sachs <richardsachs@juno.com>, classicrendezvous@bikelist.org
In-Reply-To: <20040404.212337.200.40.richardsachs@juno.com>


No, I did not mean it in that rarified sense. I meant in an attempt to be practical and realistic. If other "A" 's are present then, their value can be used to asses mine. But if I have the only "A" , how do I determine what someone (ie: insurance company) is to pay me for it? Further spin is these bikes were manufactured products that wear out. Rhetorical question.

Richard Cielec Chicago, Illinois

Richard M Sachs <richardsachs@juno.com> wrote: snipped: "How does one value what can't be replace?"

you have to be subjective if you're going to worry about it at all. if you can't replace it and that bothers you, treat it as "art" or an antique. contact Chubb or some other zoot firm that understands these matters. e-RICHIE®™© Richard Sachs Cycles No.9, North Main Street Chester, CT 06412 USA Tel. 860.526.2059 site: http://www.richardsachs.com pics: http://photos.yahoo.com/bobbesrs rants: http://richardsachs.blogspot.com/

On Sun, 4 Apr 2004 18:06:16 -0700 (PDT) r cielec writes: I truly don't know what I'd take on the spot because I don't know have a good feel for the cost of replacement other than that general either impossible or a lot. For example: from time to time, I've placed legit wanted to buy queries for specific bicycles to the List with no responses - that gives me an idea they're difficult or impossible to find. How does one value what can't be replace? Also, how should I value the bike? Example, my 73 International. 1) Compleat bike maybe $250 - $350 ? 2) Price out each component in the BOM for perhaps $450 - $550? 3) Describe it as a design spec. for a new build from a "Keeper" builder for $ several thousand?

I was hoping to learn from this Insurance topic.

Though, from the responses from Listers, it seems that the best "insurance" may not be a bona fide policy but a savings plan.

Richard Cielec Chicago, Illlinois

Richard M Sachs wrote: i mentioned assessing them for the least amount that you'd accept if you were to take a check on the spot - not in so many words - but that was my pov. why don't you list your bicycles(s) and we'll tell you want to assess them for? e-RICHIE Richard Sachs Cycles No.9, North Main Street Chester, CT 06412 USA Tel. 860.526.2059 site: http://www.richardsachs.com pics: http://photos.yahoo.com/bobbesrs rants: http://richardsachs.blogspot.com/

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