Author Topic: Insurance - Agreed Value or "market forces" ?  (Read 90 times)

0 Members and 1 Guest are viewing this topic.

Online Tailchaser

  • Club Member
  • Newcomer
  • Posts: 7
  • Location: Coventry
Insurance - Agreed Value or "market forces" ?
« on: February 11, 2019, 04:35:52 PM »
Hi, looking for some advice/opinion on insurance - do you folks fill in a "motorcycle condition form" and hence the insurance is for an agreed value (which could be less than what the market dictates should you suffer a total loss) or do you just supply a "current valuation" and therefore you'd get the actual market value in a total loss situation. Seems a bit of a "swings and roundabouts" situation to me.

cheers,

Jeff

Offline Motty

  • Richard
  • Club Member
  • Port Hacker
  • Posts: 4096
  • Location: England
Re: Insurance - Agreed Value or "market forces" ?
« Reply #1 on: February 11, 2019, 06:40:01 PM »
Agreed Value

Sent from my Moto E (4) Plus using Tapatalk

“...inside every old person is a young person wondering what the f*@k happened.”
Terry Pratchett

Online RDDave

  • Club Member
  • Back Lane Scratcher
  • Posts: 293
  • Location: Lincs
Re: Insurance - Agreed Value or "market forces" ?
« Reply #2 on: February 11, 2019, 07:01:22 PM »
I go the agreed value route, but when they agree i always think i should have upt it a bit more... :)

Online ozmadman

  • Ozmadman
  • Admin Group
  • Port Hacker
  • Posts: 4399
  • Age: 65
  • Location: Southend on sea Essex
  • Membership Secretary
Re: Insurance - Agreed Value or "market forces" ?
« Reply #3 on: February 11, 2019, 11:13:16 PM »
Agreed value as the market value of 40/50 year old bike will be less than the cost of the insurance, which itself will be greater than classic insurance .  I use Peter James and will not use anyone else.  Two bikes both agreed value (£3000 and £3500) fully comp  £98 a year all in for both
"Tolerance and Apathy are the last virtues of a dying society" Aristotle

Bikes..
 1974 Yamaha RD250B US import
 1960 Model 8 AJS 350cc.