How is the insured value of the bicycle defined?
The insured value of your bicycle is defined by its price and year of purchase.
The bicycle age percentage, which is subtracted from the original purchase price, is as follows:
0-3 years: 0%
3-5 years: 20%
5-7 years: 30%
7-10 years: 40%
Over 10 years: 50%