1601pete Posted May 12, 2014 Share Posted May 12, 2014 Hi all I'm trying to decide if I should get my bike insured with an agreed value policy or based on market value. What's the best way in determining "market value"? Any help would be appreciated Thanks Link to comment Share on other sites More sharing options...
Moderator drewpy Posted May 12, 2014 Moderator Share Posted May 12, 2014 agreed is the only way if you run a classic. someone crashes into you and it brakes a lever, it will be written off as uneconomical to repair. market value is based on glasses guide, if its not in there then its worth £50 (that's a guess but not far off) Link to comment Share on other sites More sharing options...
bippo Posted May 12, 2014 Share Posted May 12, 2014 I know it isn't a motorbike, but my classic Mini had a certificate supplied to my insurance company from my garage who valued it's worth. My insurance company requested some proof from an "expert", it was as easy as that. Link to comment Share on other sites More sharing options...
Ttaskmaster Posted May 13, 2014 Share Posted May 13, 2014 By contrast - The third party in my claim didn't give a fuck *how* many experts I could summon. Glasses Guide said X, so I was getting X. Eventually they relented and found the cheapest examples of those currently for sale, along with some vaguely similar (and much cheaper) bikes, took the average, rounded down and offered that. Do NOT let them fuck you over. Get an agreed value beforehand. Link to comment Share on other sites More sharing options...
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