I purchased my bike new last June. I still have payments to make on it.
When I reinsure it in march/april should I say the value of the bike is fully what i paid for it? considering i still have to make payments on it.
Or should I say the value is the market value that it has depriciated to over the past 7 months?
The nice insurance lady suggest that I do this to keep the cost down. My discount for ICBC is weak too..only 20%.
Thanks in advance.