If we determine that your claim is a total loss, you will either be supplied with a new bicycle or offered a cash settlement.

The settlement will be based on the lowest of:

  • Our replacement cost for bicycle and or items
  • The depreciated value of bicycle and or items (if older than 2-years)
  • Our cost to repair
  • Its market value
  • Your sum insured

Less any applicable excess and outstanding premium if a total loss