SOHC.co.uk Forums > CB350/400

Bike valuation for insurance purposes

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Oddjob:
Wouldn’t that contravene the law on discrimination against the elderly?

Mikep328:
"Elderly discrimination" is normal in the UK (and maybe other countries as well) when it comes to things like insurance, loans, vehicle rental, etc. In US whether you are 19 or 90 you can get insurance, house loans, etc.  A few years ago a good friend who visits the Isle of Man every year for the TT/Manx GP was told he could no longer rent a motorcycle there, as he had been doing for 20 years, because he had turned 75 and the motorcycle hire company's insurance would not cover him. 

TrickyMicky:
You're right Mike,  when my son and I went to pick up the 250 from Lancashire a couple of years ago, the idea was to rent a van and we share the driving. WRONG! I was not allowed to have my name on the documents as I was over 70.  It's also an eye opener to see certain groups of vehicle disappear from your driving licence after you reach your 70th birthday, and yet there are no restrictions on type or power of vehicle for a new driver.

Ken4004:
Thanks for the words of wisdom, I had an RD 350 YVPS stolen from my garage many years ago by a toe rags that just took it up the woods and wrecked it for a laugh , the insurance company gave me about a thousand pounds less than it was worth.

The insurance company is only as good as your last claim but they are very efficient in taking your money for years and they all stick together with so called knock for knock etc.

I’ll try and find one that deals with classic bikes as per advise thanks everyone for your input, at least I won’t need to pay Road tax and MOT for this bike .

taysidedragon:
Most of us only need to insure for market value. If you have a really special bike worth significantly more than that, then you need to go for agreed value. That usually means sending photos or getting the bike inspected by a nominated expert to set the value.

When my Speed Triple was written off in a crash I was insured with Carol Nash. The first offer for my bike was a bit low, I quibled and the offer was magically improved and paid very quickly.
They appointed a specialist to negotiate compensation for my injuries. He was brilliant, visited my house several times, got me an interim payment so I didn't have to wait until the final agreement.  He also got anything I needed for recovery paid for, taxis and several other things.
The final compensation was better than I expected.  Couldn't fault them.

Now I have 2 classic bikes I'm insured with Peter James.

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