Triumphrat

RII

I think progressive and Geico both will do agreed values. They tend to be much more expensive than a "standard" policy. I would check into the "standard" values for comprehensive. Last I had checked, both were 3500 plus values for my TR7, and the rates were still reasonable.

I just carry liabilty and underinsured/uninsured. Figure I'm not going to be the one running someone over. If it's stolen, having the cash won't replace the value of the bike to me. May allow me to pick up another toy, but won't have the same history to it.

I have had a bike stolen. Cash was nice, but didn't replace the bike. Only you know the true value of the machine, both cash and personal, insure accordingly and document thoroughly.

Just my "two cents"....

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furious furball

I have Progressive, about $350 a year, $8K declared value for my 76 T140V. Figured if I lose it in anyway, money is the only thing that can make me happy to go onto the next project. They never took photos.

GrandPaulZ

My Dairyland agent has never had that problem. 95% of my bikes have serial numbers, not VINs. same agent also does Progressive for me, with zero issues.

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GrandPaulZ
Author of "Old Bikes"
Born Again Bikes
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Kem770

I think it was because I was applying online.

Kem

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Kem770

I received an e-mail from my Allstate agent today, and It turns they will insure it for whatever amount I want, but they will only pay market value. She said to check around to see what 1953 Triumph Thunderbirds are going for and insure it for that amount.

I know Baxter sold one for $25,000, but a lot of times they seem a little high to me. How much do you guys think I should insure it for? I know my father-in-law was offered $10,000 many times.



Kem

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__________________
A man cannot be comfortable without his own approval.
Mark Twain

htown16

I have 4 Brit bikes with Hagerty on one policy. It is liability and agreed upon value for damage or loss of the bike and cost 290$ a year for all four. I set the values with the agent on the phone. There are no restrictions on usage. It also includes towing and roadside assistance, which I haven't had to use yet, knock on wood. I don't insurance with them before on a car, as the one reply said.
The reply about the homeowner's insurance is correct. It will not cover loss of a bike to theft or fire even if its under restoration and in parts and not licensed. The wildfires around here last year prompted me to get insurance on all my bikes, even the projects. The state of Texas keeps sending me letters asking me why I have insurance on bikes that are not licensed.

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Htown16, Houston, Texas
1978 T140E Bonneville, 2004 XL 1200R Sportster, 1972 Commando,
1974 Commando, 1970 BSA Thunderbolt
Everything will be alright in the end.
If its not alright, its not the end.

BirdoPrey

Hi Htown, do I understand that Hagerty will insure just bikes even with out insuring a car? If so that's good news, thanks for posting that.

Art.

htown16

Yes, I don't and never have had a car insured with them.

__________________
Htown16, Houston, Texas
1978 T140E Bonneville, 2004 XL 1200R Sportster, 1972 Commando,
1974 Commando, 1970 BSA Thunderbolt
Everything will be alright in the end.
If its not alright, its not the end.

redhawk4

Htown, that is a good point for people to be aware of regarding vehicles that are not ready for the road yet. I have one of my bikes insured that is not quite ready yet to hit the road, but it could still get stolen or the garage could catch fire. It's also handy for when you suddenly have "contact" and need to take a quick test drive, to have your insurance already in place.

We had a lot of fires in UT this year, I had about 120 acres of land burned, but luckily only the front tire of my backhoe equipment wise. I know from the experience of others in that same fire that if a vehicle is titled/classed as a road vehicle then you almost certainly will not get a payout from any other type of insurance you hold - so beware, I had a neighbor when I lived in the UK who was working on a motorbike in his garage and petrol fumes ignited and everything got burned, including him quite badly. So as cheap as insurance is for us mature folks, on mature machines, it's money well spent IMO.