Possibly daft insurance question...bike values - SV650.org

03-02-07, 11:20 AM

When renewing insurance do you work out the current bike value or do you put down what you paid new or current list price (2 year old bike)?

Lissa · 03-02-07, 11:24 AM

I believe it's what it would cost to replace the bike with a comparable model, including the cost of any mods made to the bike, as long as you have declared the mods.

03-02-07, 11:27 AM

Were only talking £10 difference anyway

Lissa · 03-02-07, 11:28 AM

Quote:

Originally Posted by Dr Rich

Were only talking £10 difference anyway

rictus01 · 03-02-07, 11:32 AM

I tend to go with agreed value on all my bikes that way you don't get any hassle if you need to claim.

Cheers Mark.

03-02-07, 12:46 PM

I go for what I think its worth, plus a bit extra, it increases the cost of the insurance slightly, but can mean getting closer to what the bikes actually worth if you have an accident.

03-02-07, 05:45 PM

Quote:

Originally Posted by rictus01

I tend to go with agreed value on all my bikes that way you don't get any hassle if you need to claim.

Cheers Mark.

What do you mean, agreed?

rictus01 · 03-02-07, 06:05 PM

Quote:

Originally Posted by andyaikido

Quote:

Originally Posted by rictus01

I tend to go with agreed value on all my bikes that way you don't get any hassle if you need to claim.

Cheers Mark.

What do you mean, agreed?

quite common with older bikes, a couple of my bikes don't have a replacement value
, either to modified or to old, each has a value agree between me and the insurance if it's written off, also have an agreement to replace modded stuff with standard, if damaged.

Cheers Mark.

03-02-07, 11:20 AM	#1
the white rabbit Guest Posts: n/a	Possibly daft insurance question...bike values When renewing insurance do you work out the current bike value or do you put down what you paid new or current list price (2 year old bike)?

03-02-07, 11:24 AM	#2
Lissa Just Ballast Mega Poster Join Date: Feb 2006 Location: Rugby, South Mids Group Posts: 4,381	I believe it's what it would cost to replace the bike with a comparable model, including the cost of any mods made to the bike, as long as you have declared the mods. __________________ If It's Too Loud, You're Too Old! I'd Rather Have Two Big Bangs Than Four Little Strokes

03-02-07, 11:32 AM	#5
rictus01 Member Mega Poster Join Date: Jul 2003 Location: South London Posts: 9,799	I tend to go with agreed value on all my bikes that way you don't get any hassle if you need to claim. Cheers Mark. __________________ Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming, 'Wow! What a Ride!

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03-02-07, 11:27 AM	#3
the white rabbit Guest Posts: n/a	Were only talking £10 difference anyway

03-02-07, 12:46 PM	#6
on yer bike Guest Posts: n/a	I go for what I think its worth, plus a bit extra, it increases the cost of the insurance slightly, but can mean getting closer to what the bikes actually worth if you have an accident.