Moto Grand Prix
Main Motorcycle: 2013 Triumph T100
Join Date: Mar 2006
Location: Nestled in the heart of America and the Loess Hill
Other Motorcycle: 1978 Yamaha DT400
Extra Motorcycle: 2003 Honda Metropolitan
|Classic, Vintage & Veteran For Coventry and Meriden Models. Anything pre-Hinckley goes.|
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I just went through this with State Farm for my '71 Bonneville that I just completed. They wouldn't do "agreed upon value" and I couldn't find any one local who could appraise it. Several years ago I had my '69 appraised by someone that they recognized and that is still in force. I need to have it reappraised but don't know who to take it to. There use to be some one attached to the Barber Museum in Birmingham that could do it but they had to actually see it in person. I don't know if they still are.
If you have a car insured with some of the vintage car insurers like Hagerty or Grundy they will do agreed upon value but it was my understanding that they would only insure a bike if you already have a car insured with them.
When I questioned my agent about specifically what they would total the bike out at they couldn't or wouldn't give me an answer so carrying comp, collision, fire, and theft was pointless as far as I could see. If you think about it if they total it out at some stupidly low figure they then own the bike which might be worth more in salvage than they paid you.
Anyway, the whole thing was very annoying so I ended up with just liability. I hope you find a good solution and if you do please pass it along.
I've found Geico in the USA to be great, I have 4 bikes insured through them at a total of about $300 per year. Adding my 73 Tiger cost me an extra $60, it was previously $240 for the 3 others. They have a lot of options that you can add in on the policies and I think they do agreed value or similar.
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