Value MY SV !!!!

[jambo]

Originally Posted by Strayer

I thought that the price of the bike had no relation to the premium price, or am I being a tad naive?

It makes a difference to the premium, as if it gets nicked the insurers may have to pay out a higher sum. They'd rather your C90 got nicked than your nice new MV Augusta, as they'd have to pay a lot less. As ever, these potential extra costs are passed on to you in the form of a higher premium. I've not found it makes a mega difference though, and valuing your bike a few hundred quid up or down is unlikely to break the bank.

I always value it more than its actually worth, since they will try and knock you down on price if you bin it, or nicked etc.

i find the value doesnt really affect the premium price at all. I have a bike valued at 2000 when its only worth 600..... tried another qoute at 600 which was just the same as 2000

Originally Posted by jambo

It makes a difference to the premium, as if it gets nicked the insurers may have to pay out a higher sum. They'd rather your C90 got nicked than your nice new MV Augusta, as they'd have to pay a lot less. As ever, these potential extra costs are passed on to you in the form of a higher premium. I've not found it makes a mega difference though, and valuing your bike a few hundred quid up or down is unlikely to break the bank.

Interesting


I'm wondering if it's worth calling the insurers and saying that my bike is actually worth more than I stated (insured for £1600).....or is it the case that now that I have told them how much I thought it was worth at the beginning of the policy, that is the final value they'll accept. After all, the bike has had regular oil changes


Sorry, derail over

With those tacky lights all over it your be lucky to get 50p.

Market price, about £2800 at the moment.