BCR Agreed insurance valuation

lukedog · Post by **lukedog** » Thu Jun 28, 2012 10:52 am

I am now trying to include my 2003 Mamola BCR with two other bikes on a Multi bike classic insurance policy with Carol Nash, they have now asked for four photographs for an agreed valuation. I am stating £5499 for the agreed replacement value.
Do you think that I am in the right ball park ?

Blackal · Post by **Blackal** » Thu Jun 28, 2012 6:26 pm

If you document the condition of the bike(s) - just go for a nominal sum for insurance?

I think the £5500 value is a bit steep? although if they agree to it - why not?

Why not insure for around £4,800 (is that more realistic?) and if worst happens and:
1) you need to claim
2) they offer a derisory sum

You ask them to find a replacement for you.

When I binned a special edition car - I had sales figures for the previous year for that car, and used it to lever the right amount from the insurance company.

Al

lukedog · Post by **lukedog** » Thu Jun 28, 2012 7:05 pm

This bike is near mint with just under 9000 miles, it would be hard to find a like for like BCR.
I already have this Classic bike policy in place with a 1957 BSA B31 400cc Goldstar Clubman replica agreed value £6500 this was also valued by the BSA club, and a fully restored 12000 mile 1979 BMW R100S with an agreed value of £4500 it is also valued by the BMW Club UK.
I have asked to add the Boxercup on to the same policy, they have asked me to send photographs taken from all four sides.

Blackal · Post by **Blackal** » Thu Jun 28, 2012 7:14 pm

Ah-Hah!

I'd have all the panels off, and take loads of pics, then - saves any argument later.

Al

lukedog · Post by **lukedog** » Thu Jun 28, 2012 7:20 pm

I don't think they will dispute my valuation, it is just a matter of proving it is worth what I say. Maybe I can get the BMW club to back me up on this.

dave the german · Post by **dave the german** » Thu Jun 28, 2012 7:50 pm

Get Steve to have a word with them!!

lukedog · Post by **lukedog** » Thu Jun 28, 2012 8:00 pm

Are you talking about Mr Parry by any chance

slparry · Post by **slparry** » Fri Jun 29, 2012 8:08 am

mention my name ...... see how long you stay before you too get a persona non grata notice

lukedog · Post by **lukedog** » Fri Jun 29, 2012 9:28 am

My lips are sealed, ha ha

dave the german · Post by **dave the german** » Fri Jun 29, 2012 10:07 am

be worth it for the reaction tho

Just needed to mention "Steve" - your reputation goes before you

slparry · Post by **slparry** » Fri Jun 29, 2012 6:08 pm

dave the german wrote:be worth it for the reaction tho
Just needed to mention "Steve" - your reputation goes before you

I'm misunderstood

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