|
|
Post by steven on Aug 24, 2019 19:30:38 GMT 1
Hi,
Got my insurance renewal for my LC in from Footman James.
£189.49p for the year seems a bit steep, and thats with a clean licence and my LC Club membership.
What is everone else paying ?
Steven.
|
|
|
|
Post by stusco on Aug 24, 2019 19:33:05 GMT 1
Yep mine went up for no reason as well
|
|
|
|
Post by rigga on Aug 24, 2019 19:35:38 GMT 1
£106 I believe it was with peter James, guaranteed value policy.
|
|
|
|
Post by steven on Aug 24, 2019 19:53:06 GMT 1
Hi,
Thanks for the replys,
Whats a guaranteed value policy ? (although it sounds self explanitory.)
I see on my policy, I gave the value as £5000 (6 years ago) for insurance purposes, but reading it, it is not an agreed price, it says I will only get market value for it, if I claim.
Where do we find the market value of an LC ?
Think I need to review my LC insurance.
Steven.
|
|
|
|
Post by earthman on Aug 24, 2019 20:16:39 GMT 1
Good question about the 'market value'sadly I don't know the answer.
|
|
|
|
Post by rigga on Aug 24, 2019 21:06:53 GMT 1
Mines an agreed value, send pictures with detailed description and value you believe the bike is worth, they agree or not.
|
|
|
|
Post by donkeychomp on Aug 24, 2019 23:08:07 GMT 1
I had that issue with Flux when I first insured my truck. We agreed after a LOT of pics then the value was £8k. Now it's £10k.
Alex
|
|
|
|
Post by markhoopy on Aug 24, 2019 23:21:00 GMT 1
Mines an agreed value, send pictures with detailed description and value you believe the bike is worth, they agree or not. +1 give your bike a good clean, get lots of photos then send them with a list of all the work done. If they think your estimate on value is too high they will either sting you with a heavy quote or suggest a lower value. |
|
|
|
Post by rfloyd350 on Aug 24, 2019 23:34:53 GMT 1
As above. Send some pics from all sides and bikes for sale at the mo on ebay , mcn etc .this will give a true market value if you had to replace it. I've got 7 points at the mo. My Fazer 1000 this year fully comp + protected ncb with Bennets £88 . so id shop around and good luck
|
|
