Junior Member
Join Date: Mar 2007
Location: San Luis Obispo, CA
Posts: 175
Bikes: 1988 Bottecchia Professional (for Eroica), 2011 Ridley Noah ISP (retired), 2020 Soma Fog Cutter (daily commuter), 2021 Ridley Kanzo Adventure (gravel), 2022 Tideace Aero (main road bike).
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I don't know how it works in the UK, but in the US you would only be entitled to the depreciated value of the item damaged. You would not get the full replacement cost of the damaged item. This would also hold true if the repair cost of an item exceeds the depreciated value - you would not receive the repair cost, but rather the depreciated value.