Agreed Value Insurance

[Chriswilly]

Pay £102 for the OLD M900ie Dark with Swinton - is that reasonable?

[Flip]

Originally Posted by Chriswilly

Pay £102 for the OLD M900ie Dark with Swinton - is that reasonable?

Well that depends on the usual factors of age, where you live etc. which adds up the the Insurers perceived risk of course.

But I’m not asking how much my premium should be, I’m asking for advice on how to put a value on it from a total loss payout point of view (if I just fell off it with no one else involved- I doubt I would make a claim) such as if it was stolen or another driver hit me as the ‘market value’ would likely mean a wright off in the normal case of insurance.

[Flip]

So next question- is there a way to find out what the total loss value of a vehicle is in the eyes of an insurance company?

Just for a giggle I entered the details into ‘We buy any bike’ but they only went back to 2000/V registration- let’s just say no one in their right mind would take up that offer!

So I’m still unsure what mine would be worth other than a sum of its parts.

[mickj]

No bike is worth the sum of it's parts, just look at the cost of building any bike from the spares catalogue, not many could afford a bike. I think you would have to base it on how much it would cost to replace with good second hand parts (because essentially that's what you have). Just my thoughts on the matter.