I did 2 things when my insurance company low-balled the value of my stolen bike in 1981. First, I changed the claim for a bike to a claim for parts. State Farm allowed more for the wheels alone than it did for the whole bike; I was able to point out that I had rebuilt both wheels with new rims, spokes, tubes, and tires with 18 months of the robbery, though. The ders were low-end Campy (GT & Valentino - crap, but I could find the selling price for them); leather saddle; 531 tubed frame, etc., etc., etc. Second, while the claim was in process, I complained to my state's insurance board.
State Farm accepted the new valuation and sent me a check for the valuation less the deductible. I believe the letter to the insurance board was crucial. The reason? After I cashed the check, I got a letter from the state board with a copy of State Farm's response, which was that I had settled the claim.
Good luck with your claim.
Last edited by philbob57; 07-12-21 at 02:14 PM.