Quote:
Originally Posted by wtdafk
Opps guess what i done......
well im going to look around for the extra £350 so i can go fully comp just to be safe, well im soooooo exited !!! bike will be ready in a week!
ok
same question as before do i insure it for the value i payed or what its worth when i drive it away? dont want to pay extra if an insurance company wont caugh up all the cash.
il be sticking round here still as the triumph forum is a bit quiet.
grr i cant wait  |
As far as I am aware you dont/cant insure a vehicle for a specific value.
Its done on the value at the time of the accident.
Which is where GAP insurance comes in.
New SV Price = £4000
Value on leaving shop = £3500
Accident 2 miles down the road means they pay you £3500, and your GAP insurance pays the other £500
Normal insurance alone would only pay you £3500, although you might get lucky and get the full value as its so new.