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Message: <blockquote data-quote="oldiron" data-source="post: 1212166" data-attributes="member: 33934">I got a report back today from one insurance company on 'bike values'. To save space here I'll only go over a two of them for now.On the Nishiki Pacific cruiser, I came to the value of $350, the insurance company says $25. I figured value by the sum of a bikes most sell able parts, averaged with the likely sale value on eBay for a used bike of its type. If the exact model could not be found I used a similar model of the same age as an example.For the Nishiki which I just completed a few months ago, many of its parts are brand new old stock so I know what they sold for not counting shipping. The wheelset, although I had to relace both wheels with better hubs, sold for $125, the saddle is a new Mesinger, new left over stock, which had a sticker price from a local bike shop for $60.Two tires and tubes were $75,  new Wald cruiser bars were $24, hand grips were $9, pedals were $14, reflector kit, original equipment was $8 from the LBS, crank and sprocket, (Wald?), was $40 with the BB set, and a brand new Nishiki headset was $15. I gave $30 for the frameset with its seat post and chainguard at a swap meet 20 years ago. All of which when totaled up is $400. All of which doesn't include any additional shipping, or any time, labor, or gas running around hunting parts.Many of those prices are prices paid 20 years ago too. They valued the bike at $25. Another was my 1985 Raleigh Grand Mesa MTB. It sold for $450 brand new that year at a bike shop a mile from here. Its in all original shape with the original cyclometer showing 841 miles on it. Its got new tires, which were $99 two years ago shipped to the door, all new cables, and I tore the bike down to the bare frame, and polished and reassembled it over the winter. Its in new condition, or better. I figured it was a $300 bike, they figured it at $55 because it has 'gears'. There was one in lesser and not all original condition listed on local CL last fall for $350, I tried to buy it for $250 but he wouldn't budge off the price. I was gone a week later. I have a 1949 Newsboy special in all original condition, my dad paid $55 for it new at a LBS brand new. I figured the bike is worth around $250 as it sits in ridable condition, the insurance company photographed it and came back with an estimate of $75 since its not a 'notable model'.The whole issue here wasn't what the bikes are worth it was that one insurance co. refused to write a policy due there being more than two bikes, and several wanting to know what the contents value was before writing a policy. None valued the bikes as being worth more than scrap, but a few flat out refused to insure my property because I had them. Several refused insurance because I own a 3/4 ton pickup, a few because I park a diesel truck here. one because I have two small aluminum boats on trailers in the yard. one had problems with utility trailers, one had problems with my open porch on the house not having a locking door. Its an open 10x12 porch with a swing and a screen door, yet they cited it as an 'unlockable door' or attractive nuisance.</blockquote>

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