|
|
Post by bodger on Jun 28, 2020 12:04:26 GMT 1
Hi guys,
Just filling in a Peter James insurance form and it’s asked for a valuation, and to be honest I’ve not really got a true idea of what I should put down. Anyone got an idea?
It’s a 1981 Rd350lc original owner 21500 miles completely rebuilt , Pretty standard apart from the R1 Brakes and Expansion Chambers .
Matching numbers . A1 condition (IMO) 😉
Cheers Bodger.
|
|
|
|
Post by veg on Jun 28, 2020 12:39:32 GMT 1
Speak to Norbo he does official valuations and only charges a small amount. I did mine initially they rejected it but ran with his saves the hassle
|
|
|
|
Post by shaunthe2nd on Jun 28, 2020 12:44:37 GMT 1
With Peter James if you state a value less than £10,000 you can declare it yourself and just send them 2 recent pics. Over £10k needs an independent valuation.
|
|
|
|
Post by bodger on Jun 28, 2020 14:08:32 GMT 1
Cheers veg and shaunthe2nd I was thinking around 8k but I’m not sure  |
|
|
|
Post by shaunthe2nd on Jun 28, 2020 15:07:52 GMT 1
Sounds about right, but try for say £9k and if they knock it back then agree at £8k but I think they will just accept yr value.
|
|
|
|
Post by bodger on Jun 28, 2020 15:58:11 GMT 1
Cheers buddy 😁👍
|
|
|
|
Post by chrisg on Jun 28, 2020 16:04:55 GMT 1
Do insurance company's actually pay the agreed value or just get an assessor to give you book value if its stolen or written off?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 28, 2020 16:49:45 GMT 1
You are better of with an agreed value
If, and hopefully not, it meets a terminal issue then you get paid out what you have agreed to with the insurance company
If the bottom falls out of the market, then you will get market price at that time
Our 2 classic bikes are both agreed value
|
|
|
|
Post by flames on Jun 28, 2020 20:29:17 GMT 1
Cheers veg and shaunthe2nd I was thinking around 8k but I’m not sure I know I have said it before, but that thing is beautiful. |
|
|
|
Post by chrisg on Jun 28, 2020 22:03:05 GMT 1
I know £8K sounds a lot, but when you think about the money that either you or the previous owner has put into it, its probably not far off for you to replace like for like.  |
|
|
|
Post by tacky1 on Jun 28, 2020 22:28:38 GMT 1
That is one really nice LC.
|
|
|
|
Post by roach3 on Jun 29, 2020 1:54:33 GMT 1
Did mine with peter James
Asked for four pics two sides front and back
9k agreed value
Asked for any mods I said no
£94 fully comp sorted
One thing I didn’t know though
You don’t accumulate any no claims bonus on classic bikes
|
|
|
|
Post by JonW on Jun 29, 2020 4:20:01 GMT 1
One thing I didn’t know though You don’t accumulate any no claims bonus on classic bikes Yes its been like that in the UK for 30+ years, for some reason classic car and bike policies never attract bonus. However.... if you later buy a modern bike and need NCB ask them for a letter stating how long you were insured and the fact you didnt make any claims. That date range and stated zero claim should be enough to net you NCB with a major insurer  |
|
|
|
Post by lcmarky on Jun 29, 2020 10:19:27 GMT 1
Cheers veg and shaunthe2nd I was thinking around 8k but I’m not sure Lovely LC.. What size are those Avons? |
|
|
|
Post by bodger on Jun 29, 2020 10:39:39 GMT 1
Cheers mate👍.
Front is 100/90 rear is 110/90
|
|
|
|
Post by lcmarky on Jun 29, 2020 10:46:57 GMT 1
Thx Bodger.
I have BT45's on my 'work in progress' LC and they look a bit erm lethal especially as I'm going to 400cc & 28mm Carb's.
|
|
|
|
Post by bodger on Jun 29, 2020 11:05:04 GMT 1
I had a 120/90 on the rear back in the day , but had to put the rear brake plate stay on the other way around , which I had to do for the 110/90. In the 80’s I believe some production racers even shoe horned a 130/90 in but god knows how they did that.
|
|
|
|
Post by bodger on Jun 29, 2020 11:07:50 GMT 1
But I suppose what swinging arm and wheels you’re going to use 👍
|
|
|
|
Post by lcmarky on Jun 29, 2020 15:12:02 GMT 1
But I suppose what swinging arm and wheels you’re going to use 👍 Standard swing arm and wheels. |
|
|
|
Post by dougw on Jun 29, 2020 15:36:30 GMT 1
I had a 120/90 on the rear back in the day , but had to put the rear brake plate stay on the other way around , which I had to do for the 110/90. In the 80’s I believe some production racers even shoe horned a 130/90 in but god knows how they did that. Used to use a 130 front and back production racing, dunlop KR something front and Mich rear TK ? race tyres if I remember correctly. Handling was awful but gave the grip needed for racing. Weaved all over the place. I would think modern tyres in narrower sizes , like 110 rear and 100 front, would give just as much grip as the 80`s tyre and not mess up the handling. The LC I raced with 130 tyres was bought to replace my original bike that had been nicked and came with the 130`s on. Being completely ignorant of bike set up at 19 I had raced my first LC with hard compound road metzlers. It used to slide a lot and it puzzled me how quick others could get off the corners. |
|
|
|
Post by biffa on Jun 30, 2020 9:55:17 GMT 1
I've just done this with Devitts and said £7500 agreed value. Apparently they get an assessor to look at your pics and if they think it's too low they'll bump it up. Starting to think I should have gone higher. Still waiting to see what comes back. flic.kr/p/2jgFCUdflic.kr/p/2jgJwMRDon't think these links are working and can't seem to get pics uploaded from flickr. |
|
|
|
Post by biffa on Jul 1, 2020 10:58:43 GMT 1
|
|
|
|
Post by lcmarky on Jul 1, 2020 11:00:28 GMT 1
How? Beats the crap out of me! I do like the silver sprocket too. |
|
|
|
Post by biffa on Jul 1, 2020 11:27:40 GMT 1
I asked on the help and advice forum. When I looked at my flickr account the privacy settings were blocking some viewing and sharing settings.
|
|
|
|
Post by mellow on Jul 1, 2020 13:19:11 GMT 1
im starting to think all my bikes are under valued  |
|
|
|
Post by biffa on Jul 1, 2020 13:24:23 GMT 1
I asked the lady at Devitts how they worked out value and she said she wasn't certain so I looked at what they were going for in dealers (as in full replacement value).
If you look at what you'd pay trade I don't think it's far off, what with some of the ridiculous prices dealers are asking for UK matching numbers 4L0s.
|
|
|
|
Post by stanlc7189 on Jul 1, 2020 23:13:52 GMT 1
I recently renewed my policy with Peter James. The bike is a 4LO matching numbers UK bike, 1982, Candy Blue, bog standard but occasionally fitted with short can Allspeeds. Just agreed a revised valuation with them of £6.5k.
|
|
|
|
Post by shaunthe2nd on Jul 1, 2020 23:25:45 GMT 1
I recently renewed my policy with Peter James. The bike is a 4LO matching numbers UK bike, 1982, Candy Blue, bog standard but occasionally fitted with short can Allspeeds. Just agreed a revised valuation with them of £6.5k. want to sell? lol. |
|
|
|
Post by stanlc7189 on Jul 1, 2020 23:43:06 GMT 1
😂
not just yet
|
|
|
|
Post by roach3 on Jul 2, 2020 0:18:27 GMT 1
I recently renewed my policy with Peter James. The bike is a 4LO matching numbers UK bike, 1982, Candy Blue, bog standard but occasionally fitted with short can Allspeeds. Just agreed a revised valuation with them of £6.5k. you have undervalued it i got an agreed value on my lc2 for 9k with peter james they never even questioned it.
|
|
