Beware. Cover with Halifax Insurance isn’t always what it seems. Be wary if listing a bicycle that you believe is worth more than £500 as a specified item. I had - before it was stolen - a bike that would now cost £700+ to replace. So, I listed it as a specified item at £700, incurring an additional premium. After it was stolen, my claim was accepted and I was directed to a “validation service” who said the current version of my bike is apparently built to a higher specification so they could only offer me a bike they said is to an equivalent spec to mine ... worth just £500. So I needn’t have bothered to specify my bike as special and pay the extra premium!!! Not happy. Next - cash settlement value is just £368 “in view of supplier discounts”. What? ... so, at the end of the day, I will receive about half the amount that the bike was insured for. Good deal for Halifax. Bad deal for me.