Template Details

Document My bike is a total loss, how will the value be calculated?

If your bike is insured on an agreed value basis (as stated in your policy schedule), in the event of a total loss your insurer will pay the amount agreed.

If your bike is insured on a market value basis, the insurer will pay you the cost of replacing it with one of the same make, model, specification, mileage, age and condition as your bike immediately before the loss.
Fields
Description:
total loss, write off, bike damage, value 
Information

Rate this help topic.

You can rank this document