Powerap SL+ Insurance Cost for Return to Paligap

What would insure a 2 year old (out of warranty) powertap sl+ at. I was going to insure at replacement cost but that's very, very expensive so not paying that (£77) bearing in mind I am probably going to have shell out for a new torque tube.
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Help I'm Being Oppressed
Yeah just noticed that but the parcel weighs 2.5kg (mavic open pro which isn't the lightest wheel in the world) but £23~ is considerably better than what I was quoted before. Only 90p difference between £500 and £1000 which is strange as everywhere else seems to bump up the charges on the insurance cost.
I think I'll go that way.
Thanks
Help I'm Being Oppressed
Oh never noticed that. So another £10 on top again. I can get standard parcel delivery through Royal Mail for around £13 with £500 compo though it will take days. I'll decide tomorrow when I go to send.
http://www.parcel2go.com
I just priced up a DHL Next day service with £500 insurance, and it came to £20 something, so cheaper than Parcel force
http://app.strava.com/athletes/520831
Mmm I just done an online chat with parcel2go and I was told that insurance is for £50 only and anything over this is charged at 5% of the remaining cost that you want to insure so for £1000 that is £47.50 and then delivery costs are on top of that. So for £500 it would £23.75 + something in the region of £15 to £20 for delivery so looks a lot more expensive.
You don't wait for a response. You should have got an email telling you your Returns ID and the address to send to or at least that's what I got.
My understanding is you just pack it up send it off with the info above and they will text/email you when they receive the wheel and again when they send it out again.
Yep, pretty much. It works very well. When it's repaired, you get an email to pay online, and then they dispatch it back to you. My wheel was with them for 2 days.
I was impressed by how slick it all was.
Apparently I'm supposed to get regular updates. Well I received one to say they received my wheel and that's it.