I was cycling home on my carbon fibre Ribble Sportive Bianco when a car pulled out in front of me and I went over the handlebars and landed on the car bonnet. The Ribble was severely damaged in several places and is now not safe enough to ride. The driver has admitted liability and I am now claiming through the drivers insurance company. The insurance company have offered me £500 as compensation on the basis of looking up the price of the same bike on eBay which I think is insulting. The bike cost me £1400 new 5 years ago and while I didn't expect the full amount I was hoping for something more substantial than £500. This is the first time I have had to do this so am not sure if this is acceptable or the insurance company are trying it on. Is there anyone who can advise from experience?