hi ive been doing insurance quotes for a couple of weeks now. and it comes to the part where it says what is the value of your vehicle. is that the same as what u paid for it? ive gt an 05 plate rossi aerox and i paid 700 for it. shall i put 700 down? cheers
ok i put it as 900 because i feel i got a bit of a bargain. apparently theyre book pirce is 1100 for a decent 05 plate. but i expect thats from a dealer.
It's quite irelevant really mate, if it ever got written off or stolen they will only go by book price at the time of the claim. Just make sure you don't under value it though as they will hold you to it and say that they can't pay you more than you have it valued at even if it books for more. Hope this helps.
ask for agreed valuation.. that wayt you get what its worth to you.. only time it matters insurance is usually cheaper if the vehicles worth more as cheap bikes/cars are in more accidents. just put down the most expensive bike you can find for sale in the same year/colour/mialage as yours
