Insurance valuation of bikes

[325rocket]

I don't know which insurer you use p.dath but the ones I use sure will. It's unfair to settle a rusty POS in the same fashion you would settle an immaculate example of the vehicle.

well it just happens im getting quotes now for my bike insurance. ill send you a message

[p.dath]

I don't know which insurer you use p.dath but the ones I use sure will. It's unfair to settle a rusty POS in the same fashion you would settle an immaculate example of the vehicle.

Most of my experience with insurance companies has been on a commercial basis (not personal).
In the claims I have done, I have never seen an adjustment made for the condition of the "car" that was damaged or written off.

I get the impression from your posts that you work in or are related to the insurance industry, so I bow to your greater knowledge.

[dogsnbikes]

I have both agreed and market value policies on my bikes....

Now from what my insurance company tells me with the market value it works on the basis that your bike is stock standard unless you have it noted in your policy that you have aftermarket parts on your bike that even includes something as minor as the airfilter,if aftermarket parts have been noted in the policy then that is taken into consideration if its a write-off claim

with my bike that has agreed value I would be foolish not too,as I know that I would not get another bike for its age with such a low milage and showroom condition for a market value payout,they automatically roll over the value each year....and have photo documentation of the bike and although I am limited to 5000k/year that doesn't bother me at all I still have other bikes too ride anyway

my advise is always communicate with your insurance company and ask then in plan english how you are covered,photograph everything and have your blings noted in your policies cover your arse's,so they know everything that is on your bike

[rosie631]

I have both agreed and market value policies on my bikes....

Now from what my insurance company tells me with the market value it works on the basis that your bike is stock standard unless you have it noted in your policy that you have aftermarket parts on your bike that even includes something as minor as the airfilter,if aftermarket parts have been noted in the policy then that is taken into consideration if its a write-off claim

There was some one on here who had their claim turned down because their bike wasn't stock standard. The insurance company used the fact that they had after market pipes on their bike to weasel out of the claim

[dogsnbikes]

There was some one on here who had their claim turned down because their bike wasn't stock standard. The insurance company used the fact that they had after market pipes on their bike to weasel out of the claim

Thats why it pays to document everything and have it included in policies,Im about to install a whole new exhaust system on the trumpy part of which is a TBR carbon muffler and my insurance company are more than happy to cover it and any other bling etc as long as they know about it

[325rocket]

Thats why it pays to document everything and have it included in policies,Im about to install a whole new exhaust system on the trumpy part of which is a TBR carbon muffler and my insurance company are more than happy to cover it and any other bling etc as long as they know about it

sounds like a good company. who are you insured with?

[dogsnbikes]

sounds like a good company. who are you insured with?

Classic Cover you have too be over 30 and have had a full licence for more than 2 years,this I know beacuse I am lending one of the bikes to a mate for the summer and he will be covered by them....

[Gremlin]

With any insurance, you really do need to keep them up to date and let them know everything...

My broker knows about all tickets and I emailed a list of mods to the bike, to them, so everything was crystal clear. That way, there are no surprises.

I believe the OP isn't telling the whole story... and missed some items that were favourable to the other side in this one...

[Icemaestro]

With any insurance, you really do need to keep them up to date and let them know everything...

My broker knows about all tickets and I emailed a list of mods to the bike, to them, so everything was crystal clear. That way, there are no surprises.

I believe the OP isn't telling the whole story... and missed some items that were favourable to the other side in this one...

What items did I miss? I was just using my girlfriends scooter as an example - I never knew that they could re-value what they had agreed apon - and was asking about my bike - for which I simply insured for around about how much I thought it would be worth compared with the ones on trademe at the moment.