Originally Posted by
Fredo76
Fair market value is what they'll use for a claim on your own collision insurance. I'm not sure that liability is so restricted.
Just to highlight the challenge: what would be the market value in this case? "Second hand" price can solve it for cars. But a second hand similar bike can not be the solution here, because it is likely to hide a similar crash and there is no instance that can state that it is safe to be used...