Receive Fair Compensation for Your Bike Following a Cycling AccidentPosted on September 30, 2013
When we use the term Cyclist at Law to describe our legal practice, we mean it—we focus on taking care of fellow cyclists that have had their person or property injured in an accident. If you have been involved in a cycling accident and are nervous about receiving fair compensation for your ruined bike, we are here to help. Insurance companies aren’t always knowledgeable when it comes to a bike’s value, and they are often less than eager to pay a fair price.
How To Properly Determine the Market Value of Your Bike
The simplest way to provide proof to your insurance company as to the value of your bike is to visit a couple of local bike stores to obtain current prices. Having more than one example of the market price of your bike will ensure that your bike replacement compensation is fair. Additionally, you may want to make a list of any aftermarket accessories you had on your bike and determine whether or not they had an effect on your bike’s value.
We are here to help you in the unfortunate event that your insurance company balks at giving you fair compensation. If you have been involved in cycling accident in Dallas or other parts of Texas, you may be unaware of your legal rights—and insurance companies are unlikely to go out of their way to explain them to you. Please give Cyclist at Law a call at 800-877-6188 to learn more about your rights and how we can help you.Blog List