I chatted with TD. They offered $6K/bike and due to the fact I had a number of bikes wanted each bike recorded and appraised. The policy is what I would call a premium policy and costs ~2.25 times as much as the home insurance I currently have. You do get more coverage for that price, but it's a lot more than I am currently paying.
BCAA is offering $5K/bike without having to list any bikes at ~1.75 times what my current insurance costs. Bikes don't have to be recorded or apprised. I would just have to provide some proof of their existence and an appraisal at time of claim. I get a free BCAA membership as well.
I talked to my current insurance broker and explained the problem. She mentioned having one other customer call due to the changes in the policy who really was "into" bikes. She says she was able to put together something price competitive that covered his bikes well. After reviewing my account she thought I would be eligible for the same deal. I should know today. Back when I first got insured through this broker I cut my home insurance costs by 50% and improved my bike coverage. So I'm hoping to not have to go back to "expensive" insurance to get bike coverage I can live with. If she comes back with something better than TD or BCAA I'll update this thread.
I am currently debating between keeping the cheap policy and self-insuring my bikes vs. paying a lot more to get protected. In 33 years of riding I've had one MTB stolen and I think it was a cokehead roommate who was responsible! So on one hand the risk is low. On the other hand if my garage was cleared out I would be out ~$30K in bikes and my GF probably ~$15K. I can afford to buy a couple new bikes so I wouldn't be hiking the trails, but that would sting. I drive a F150 and took off everything, but liability a while a go to save $$. So my brain says we are talking the same sort of $$ if it was stolen or I crashed it. Thing is I don't feel attached to a vehicle the way I do my bikes.
At the TD insurance price vs. taking the cheap insurance and investing the price difference I'd save enough to replace the coverage differential on a $7K bike every ~5 years. So it's not chump change.
Once I get things locked down I'll circle back with an update. My insurance expires on the 18th of June so I don't have a lot of time to figure this out [just got my policy details in the mail last Friday!]. So I may pick a temporary option for this year and then I have time to find something better for the longer term.
Thanks for the tip on TD. The coverage is definitely the best so far.