How much will the bike theft insurance pay out if my bike is stolen?

The optional Bike Theft Insurance has a $10,000 per bike annual aggregate limit and a $250 per occurrence deductible.

If the covered bike gets stolen, the insurance will pay the amount necessary to replace the bicycle, along with the listed non-stock attached accessories and components, with a current market substantially identical to the kind or quality bike, less the per-occurrence deductible, not to exceed the stated limit of insurance.