40 year old bike, require insurance and guaranteed valuation

[SIM]

Hi,

Who are the best companies to use for motorcycle insurance for an old bike (40 years) that will also provide a guaranteed value

Would be good if they covered two bikes under one policy as my other bike is 36 years old

I know this has been discussed before but cannot find.

Thanks

 

[casbar]

Hi,

Who are the best companies to use for motorcycle insurance for an old bike (40 years) that will also provide a guaranteed value

I know this has been discussed before but cannot find

Join the VMCC, then use Peter James who give a sizeable discount for VMCC members, which exceeds the membership costs. Plus they provide quality cover, breakdown, agreed value, ride other bikes of vmcc members plus more. There is also a monthly quality VMCC mag, which is a good read.

 

[Berin]

Or Footman James

 

[notagser]

Or Lynbrook.

Motorcycles & Scooters - Lynbrook Insurance

Home Motorcycles & Scooters Motorcycles & Scooters Classic Motorcycle Insurance Lynbrook Insurance specialises in arranging classic motorcycle insurance. With over 50 years’ experience, our team are expertly placed to insure classic and vintage motorcycles, scooters, sidecar outfits and three...

www.lynbrookins.co.uk

 

[JohnnyBoxer]

Or Lynbrook.

Motorcycles & Scooters - Lynbrook Insurance

Home Motorcycles & Scooters Motorcycles & Scooters Classic Motorcycle Insurance Lynbrook Insurance specialises in arranging classic motorcycle insurance. With over 50 years’ experience, our team are expertly placed to insure classic and vintage motorcycles, scooters, sidecar outfits and three...

www.lynbrookins.co.uk

Lynbrook are fab
Agreed values

 

[Adrian]

Hi,

Who are the best companies to use for motorcycle insurance for an old bike (40 years) that will also provide a guaranteed value

Would be good if they covered two bikes under one policy as my other bike is 36 years old

I know this has been discussed before but cannot find.

Thanks

I use Carol Nash and have bikes 20 to 70 years old. I've never asked them for agreed values as I think they will only pay out what a bike is worth if you had a total loss claim! My opinion only!

 

[Grantiii]

I've been using this company for a few years & find them excellent...
Agreed Value + Cover in Europe
+ Breakdown Cover
Cherished Vehicle Insurance Services https://share.google/02eXTfFHPodB9cVUU

 

[Berin]

Lynbrook are fab
Agreed values

I’ll have to try them.

Footman James wouldn’t insure my HP2E, for some reason but Mrs Berin got a decent deal on the Basic and a triumph

 

[tspivey]

I used RH for my 1976 Triumph when I had it, good price and breakdown included. But like any broker check the small print, I never had a claim with them and it’s people who have experienced the claims process of any company you ought to be listening too.

Motorbike insurance | RH Specialist Vehicle Insurance

www.rhspecialistinsurance.co.uk

 

[MrC99]

For those with classic bikes/cars how does the agreed value work? Does it have to be based on anything such as current or average market/auction values plus say the costs incurred in restoring, or is it simply state a figure of what you think its worth and the broker adjusts the price accordingly?

 

[Oldrat]

Make sure that you get first dibs on the salvage

 

[casbar]

For those with classic bikes/cars how does the agreed value work? Does it have to be based on anything such as current or average market/auction values plus say the costs incurred in restoring, or is it simply state a figure of what you think its worth and the broker adjusts the price accordingly?

With VMCC and Peter James, up to 10k is on purchase price above needs photos etc and then they agree or not

 

[MrC99]

With VMCC and Peter James, up to 10k is on purchase price above needs photos etc and then they agree or not

Thanks for that. I'm re-commissioning a '75 Rover P6 V8 and like many heart based decisions it's quite easy to spend quite a bit lot of £££s to get to where you want!

 

[Neil W]

CN do agreed value on classics and they can combine a multi bike policy for newer bikes . Ridiculous that the modern bikes have to have an agreed mileage but the classics on the policy are unlimited mileage

 

[Number 6]

Make sure that you get first dibs on the salvage

This is one of my main priorities, I think it was a £10-£15 option on my last policy. (salvage retention was the wording I seem to recall)

 

[SIM]

Thanks for all the replies, that’s plenty to work through

 

[SBD]

Join the VMCC, then use Peter James who give a sizeable discount for VMCC members, which exceeds the membership costs. Plus they provide quality cover, breakdown, agreed value, ride other bikes of vmcc members plus more. There is also a monthly quality VMCC mag, which is a good read.

Thanks

Just did this and saved about £100

Cheers!

 

[Posh Pete]

Id normally say Peter James but they hiked my premium substantially recently. I tried Carol Nash and got agreed value and a premium about 30% less. Give them a try?