Man buys back his stolen bicycle

A man has bought his own stolen bicycle back from a thief rather than face an exorbitant excess on his insurance policy.

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Man buys back his stolen bicycle

Mark Robinson told the Cambridge News “My insurance premium excess would have been more than this so the simple maths said it would be cheaper than getting a replacement by whatever means, and furthermore by recovering the bike, provide the police with incontrovertible evidence that the 'seller' if not guilty of the theft itself was certainly guilty of receiving and handling stolen goods.”

When Robinson reported the theft to police on April 13 he was told by officers to look for it on auction websites and Facebook.
Within a week the £800 bike turned up on Gumtree priced at £400.

Robinson responded to the ad and paid a cash 'deposit' of £200 to test-ride his own bike. This he did, and rode it straight to his car before driving home.

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