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Insurance value - How?
Happy_bunny
Posts: 442 Forumite
I've just bought a commuter scooter and am needing to insure it.
The problem is that its a fully restored 20 year old bike - Pretty much everything is brand new or reconditioned and as far as I'm aware should it be stolen or damaged/crashed then the insurers will give me the 'Market Value' of the bike.
Obviously the market value of a knackered 20yo old scooter on it's last legs is going to be very different to what I've just paid for the bike :eek:
How can i make sure the insurance cover will be correct should the worst happen?
TIA, Kristian
The problem is that its a fully restored 20 year old bike - Pretty much everything is brand new or reconditioned and as far as I'm aware should it be stolen or damaged/crashed then the insurers will give me the 'Market Value' of the bike.
Obviously the market value of a knackered 20yo old scooter on it's last legs is going to be very different to what I've just paid for the bike :eek:
How can i make sure the insurance cover will be correct should the worst happen?
TIA, Kristian
0
Comments
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you need an agreed value policy from a classic bike insurer0
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