I'm looking at insurance quotes and was interested in getting theft insurance.
Now my question is if i buy the bike for 3000 just because its a good deal and they have to get rid of it asap for personal reasons. When i get insurance they ask me the value of the bike or what i paid for it?
Say the bike is worth 6k but i only paid 3. Would i be able to claim the higher vlue? And they would just charge me accordingly based off the higher value?
Now my question is if i buy the bike for 3000 just because its a good deal and they have to get rid of it asap for personal reasons. When i get insurance they ask me the value of the bike or what i paid for it?
Say the bike is worth 6k but i only paid 3. Would i be able to claim the higher vlue? And they would just charge me accordingly based off the higher value?