Multi Bike Insurance
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Multi Bike Insurance
Hi
My Peter James renewal premium has just been estimated at £164, an increase of £45 over last year, (two bikes), - admittedly I want to add a third bike, but it does seem a bit of a hike
I am adding the third bike at renewal as advised by PJ so as not to incurr the £20 adjustment fee.
Does this quote sound about right?
Regards Mick
My Peter James renewal premium has just been estimated at £164, an increase of £45 over last year, (two bikes), - admittedly I want to add a third bike, but it does seem a bit of a hike
I am adding the third bike at renewal as advised by PJ so as not to incurr the £20 adjustment fee.
Does this quote sound about right?
Regards Mick
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Re: Multi Bike Insurance
In March just gone I added my 2016 250cc Chinese 'Mutchless' to my G3LS policy (which was £97 p.a.) with PJ and which was due for renewal in August.
For the 6 months March to August the additional premium for the Mutchless was £85 which included a £20 adjustment fee.
On that basis I reckon the annual renewal cost for my two bikes will be about the same as you've been quoted, i.e. c£160 for your three bikes.
For the 6 months March to August the additional premium for the Mutchless was £85 which included a £20 adjustment fee.
On that basis I reckon the annual renewal cost for my two bikes will be about the same as you've been quoted, i.e. c£160 for your three bikes.
'There is a tide in the affairs of men
Which taken at the flood............'
Which taken at the flood............'
- Pharisee
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Re: Multi Bike Insurance
I insure all my bikes on one policy with RH Specialist Insurance (see back pages of "Jampot"). When I renewed in December last year, the cost was £152.91 for four bikes. I added a fifth bike in January this year. The additional cost was £15.42 which included an administration fee.
I'm from the Fens.... Gimme six.
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Re: Multi Bike Insurance
£164 for three bikes fully comp. Seems about right to me. How much would the claim be for should , heaven forbid, all three bikes were whisked away in the middle of the night. I strongly suggest going for agreed value. There is nothing worse than arguing with an insurance company over the value of a stolen /wrecked bike.
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Re: Multi Bike Insurance
The seven bikes I have insured this year cost me £317.
Colin
Colin
only dead fish go with the flow
- spookefoote1956
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Re: Multi Bike Insurance
I've had to insure Project Kate with Adrian Flux due to it being a "custom" bike. So two policies and the 125 costs £30 more! Lucky me!
Hail Joe Lucas ............ Prince of Darkness!
All my bikes are original........ to me!
"Creativity is your intelligence having fun" Albert Einstein
All my bikes are original........ to me!
"Creativity is your intelligence having fun" Albert Einstein
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Re: Multi Bike Insurance
Thanks Guys
I was just trying to get a 'gut feeling' of current prices. I am in discussion with PJ over how I add a bike concurrent with renewal but all is going well
John - Are your bikes insured at 'agreed values?
Regards Mick
I was just trying to get a 'gut feeling' of current prices. I am in discussion with PJ over how I add a bike concurrent with renewal but all is going well
John - Are your bikes insured at 'agreed values?
Regards Mick
- Pharisee
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Re: Multi Bike Insurance
They each have a value stated on the policy schedule... £10,000 for the G80CS, £8,000 for the Bonneville and £6,000 each for the Tiger 90, M18S and the G3/LS but I'm not sure that's the same as an agreed value... although they obviously agreed to those figures, or they wouldn't have put them on the schedule.Mick D wrote:
John - Are your bikes insured at 'agreed values?
Regards Mick
I'm from the Fens.... Gimme six.
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Re: Multi Bike Insurance
Small print will state payout would be market value. Agreed value will payout at the agreed value.
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Re: Multi Bike Insurance
I am being robbed then! Carol Nash charge me over £400 , but I do have 6 bikes, one a vincent. Agree value is a double edged sword, my Vincent was agreed at £20,000, but that was years ago, might be better to argue for market value? The insurance companies will wriggle endlessly, ask Sprid!
Alan [Morini] Jennings