Garth,
The loss is typically actual cash value less the deductable. Some other policy's are written with replacement cost options. With a repl acement cost policy, you can replace that Richie Sachs bike with a new one for the cost in 2005 dollars less any deductable. So if you can produ ce receipts and photos, that is a good thing. Where is gets hairy is the issue of determining value of a 1954 Rene Herse. That's when you need a special rider to schedule the items. You also must produce an appraisel or proof of the bike's true value.
I would just place on the policy the rarest bikes that you as the c ollector would tend to suffer the greatest financial loss in the event the bikes were lost, stolen, or destroyed.
If the 1984 Gitane was pinched
Mike Schmidt
New York, NY
On Wed May 11 18:19 , Bianca Pratorius sent:
Mr Deeter stated that
Classicrendezvous@bikelist.org