Not an approved list its not. the Markel policies just state the bike has to be securely locked to a fixed object. There is no approved lock list.That's interesting... we knew about the lock because that's common across all bike insurers.
They only offer 'new for old' under certain specific circumstances. Otherwise they depreciate and they list the depreciation calculation in their FAQ.On the value policy, they offer new for old for life so no depreciation. Just checked our documents.
I can't speak to price, but 'didn't cover as much' - I can't see how reading the insurance contract (i.e. the policy) for both parties could possibly lead to that conclusion. Especially given all of the coverage exclusions Sundays has that Markel does not. If all you do is look at what Sundays refuses to cover, you are deep into negative territory versus their competition.We looked at other providers like Velosurance and Oyster but they didn't cover as much and they were way more expensive.
They are literally the only insurer I know of who does this.That's interesting... we knew about the lock because that's common across all bike insurers.