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BCR Agreed insurance valuation

Posted: Thu Jun 28, 2012 10:52 am
by lukedog
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 ?

Posted: Thu Jun 28, 2012 6:26 pm
by Blackal
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 :?

Insurance

Posted: Thu Jun 28, 2012 7:05 pm
by lukedog
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.

Posted: Thu Jun 28, 2012 7:14 pm
by Blackal
Ah-Hah! :oops:

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

Al :D

Insurance

Posted: Thu Jun 28, 2012 7:20 pm
by lukedog
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.

Posted: Thu Jun 28, 2012 7:50 pm
by dave the german
Get Steve to have a word with them!!

Insurance

Posted: Thu Jun 28, 2012 8:00 pm
by lukedog
Are you talking about Mr Parry by any chance :?:

Posted: Fri Jun 29, 2012 8:08 am
by slparry
mention my name ...... see how long you stay before you too get a persona non grata notice :)

BCR Agreed insurance valuation

Posted: Fri Jun 29, 2012 9:28 am
by lukedog
My lips are sealed, ha ha

Posted: Fri Jun 29, 2012 10:07 am
by dave the german
be worth it for the reaction tho :lol:
Just needed to mention "Steve" - your reputation goes before you

Posted: Fri Jun 29, 2012 6:08 pm
by slparry
dave the german wrote:be worth it for the reaction tho :lol:
Just needed to mention "Steve" - your reputation goes before you
I'm misunderstood :)