UK Monster Owners Club Forum » .: Technical :. » Service/Dealer & Insurance » Insurance & Aftermarket Bits

Reply
 
Thread Tools Rate Thread Display Modes
Old 11-02-2004, 10:05 AM   #1
Taman
Guest
 
Posts: n/a
Insurance & Aftermarket Bits

Hi all,

Coming up for insurance time and have been doind a bit of scouting around. Wanted to check what I'd been told.

Seems that despite what you value your bike at, if it's stolen, they just give you a guide book price for the model and year. So you lose the extra bits that you've put on (exhaust, etc...)

Secondly, do they take a hard line on exhausts that are not legal? Is this going to void insurance? Seems like you would never get a Ducati insured if this was the case. Though don't want to think that I'm happily insured if I'm not!

Best, Taman
  Reply With Quote
Old 11-02-2004, 10:24 AM   #2
DesmoDog
Guest
 
Posts: n/a
I was told that if the aftermarket bits and bobs are not listed then the insurance is void. Then again, they also insisted on a Thatchman approved alarm and immob (Bikesure, thanks!).
  Reply With Quote
Old 11-02-2004, 10:46 AM   #3
JAYNEYT
Guest
 
Posts: n/a
The best place I have found is a company called Adrian Flux - tel 0870 771377.

This company do insurance policies called 'agreed value'

My other half has a banidt 12 which is fully customised and worth over £10k - they have insured it on this agreed value for £10k.

Best of it is - he was insured with Carole Nash at a cost of £280 for TPFT for the book value - he then heard about Adrian Flux and insured it fully comp for £230 for £10k !!!!!

You do have to supply the insurance company with a full written spec of your bike (including modification prices) and also photos of it from every angle.

Adrian Flux say the crirteria for having an agreed value policy is that your bike must look different from that of a standard bike.

Giv'em a try

Hope this helps
  Reply With Quote
Old 11-02-2004, 12:09 PM   #4
johnypebs
Guest
 
Posts: n/a
Taman,
I raised this with Norwich Union when I had to 'upgrade' my m900 insurance and they didn't care about the legality of the cans, only how much they would add to the risk of the bike being nicked. They moved me up a group because of all the carbon on it though. Even so don't give them a chance to dip a claim, tell them everything you've put on the bike.
  Reply With Quote
Old 11-02-2004, 01:13 PM   #5
robht
Member
 
robht's Avatar
 
Join Date: Jan 2004
Location: Just moved from Sussex to Wiltshire
Bike: Other Not a Ducati
Posts: 113
Hello Taman,

My insurers were happy to insure my bike with non-legal Termis, perf airfilter & remapped ECU, but charged extra
and they would only replace the termis with standard exhausts if the worst happend. So i pay extra for the having the Termis and if the bike is nicked or crashed I loose out. Sounds like I was stiched up.

This was with Tangent Southwest who have recently been taken over by something-or -other Direct.

I think it best to mention non-legal exhausts as it reduces the excuses for the insurers to weasel out of paying up.

Cheers,
Rob
__________________
Cheers,
Rob
robht is offline   Reply With Quote
Old 11-02-2004, 10:32 PM   #6
Pedro
Ciao, come stai?
 
Pedro's Avatar
 
Join Date: Apr 2003
Location: Somewhere
Bike: Multiple Monsters
Posts: 4,158
Try www.insuremyducati.co.uk - set up with the DSC and very well priced. I had no probs with my carbon cans etc

Ped
__________________
Monster 1200R!
KTM 990 SuperDuke
Pedro is offline   Reply With Quote
Old 11-02-2004, 11:07 PM   #7
Taman
Guest
 
Posts: n/a
OK, so sounds like I DO need to list the changes, but they don't worry except for increasing my chance of getting stolen & therefore premium. But I don't get the bits replaced if anything happens. But if I don't tell them about the bits, then something happens they may not payout.... so have to tell really.

Will also check out this agreed value deal.

Am still doing a bit of shopping around re price. Will post comparison at end.

Best, Taman
  Reply With Quote
Old 12-02-2004, 03:54 PM   #8
Taman
Guest
 
Posts: n/a
I'm probably not going to like the answer to this question, but what do you think the market value of my 2001 M900 Dark would be. It has about 6k on the dial and have changed the exhaust to road racing, put a PCIII, clip ons, vented clutch cover.

Book value is apparently £3500. I found this a bit of a shock, but wanted to figure out whether I was just being unrealistic or whether I needed to sort out some agreed value insurance!

Best, Taman
  Reply With Quote
Old 12-02-2004, 04:55 PM   #9
spacemonkey
I see dead people.
 
spacemonkey's Avatar
 
Join Date: May 2003
Location: Carving a slice thru the braindead masses..(pun intended)
Bike: M900
Posts: 1,464
I'm awaiting a quote... Just told Carole Nash I have moved (ahem..) to central London and that I don't have a garage...
Policy doubled! £335 for TPF&T! Fer Chrissake!!
spacemonkey is offline   Reply With Quote
Old 12-02-2004, 05:11 PM   #10
JAYNEYT
Guest
 
Posts: n/a
Taman

Try Adrian Flux insurance they have been really good.

You actually tell them what your bike is worth........it doesn't go on book value. You have to get photos done of your bike from all angles, list every mod on your bike and the price. If you take out the insurance they send you a valuation form which you have to get stamped up by a garage/engineering place to say they agree with the said value you have stated.

I would be really suprised if they didn't come up trumps with you.

Cheers

Jayne
  Reply With Quote
Old 12-02-2004, 05:34 PM   #11
Taman
Guest
 
Posts: n/a
Will give Adrian Flux a call, but any ideas what my bikes value would be?
  Reply With Quote
Old 13-02-2004, 09:17 AM   #12
JAYNEYT
Guest
 
Posts: n/a
I would take a logical approach -


Firstly value your bike as standard.
Then list your mods and attach a price to them (make sure its including fitting)

Then add the two together and add some on (but make it realistic)
  Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 02:27 AM.

vBulletin Skins by vBmode.com. Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.