How much is my bike worth

[fazersharp]

How much is my bike worth. For the first time ever I have been asked to take photos both sides and front and back and send my estimated valuation for this years insurance - its with carol Nash.  The insurance is being called as future classic vintage.   
Photo of form included.
So what's it worth
98 reg
26k
Garaged
Never ridden in the wet in 24 years of my ownership
 All original incl exhaust
Not yet crashed
Leaned over a few times onto the floor resulting in scratches on casing and exhaust
A few scratches on mirror plastic from when I used to squeeze it into a tight spot next to a wall.
So not mint but very good
Photo of bike a few years old not but looks just the same now

[agricola]

Is this another ruse to screw more money from us? My view is that the bike insurance industry is rotten anyway, but you have to have it. A minor accident and you pay anyway via the excess. Anything more major and most bikes are written off. I'm very wary having had the striple written off last year

[b1k3rdude]

The insurance is being called as future classic vintage.    

Well first thought is I have NEVER heard if this before, so right of the bat this to me appeared to be a legalised scam purported bu the insurance industry.

- wtf does the patronising phrase "future classic vintage" actually mean. Where did you get this info from, was it CN direct, and did you confirm it with them on the phone?
- how old are you, how much No Claims do you have and where is the bike stored?
- how much is the policy with and WITHOUT the photo's? If its anything less than half price, then its not worth it.
- what type of insurance did you have previously and how much was that..?

Related info on classic status - 

- https://www.footmanjames.co.uk/blog/moto...-insurance

[BBROWN1664]

- someone will correct me if I'm wrong, but last I looked a motorcycle isn't classed as classic untill its atleast 20yrs old, your bike wont hit that till 2028.

Correction incoming, it hit 20 years old 6 years ago in 2019.

this is known as agreed value insurance - the theory is that in the event of a write of for stolen bike, the insurance company and yourself don't get into arguments about the value as its been agreed upfront. If you say £3k now, your premium will reflect that and when the bike gets stolen, they will pay the £3k (minus excesses).

[Schomosport]

Have a look at Peter James Insurance. Offer agreed value up to £10k without an independent valuation. Couple of wrinkles, you have to be a member of a club, 3rd party cover for other machines restricted to fellow club owners and a few other bits, can't remember them all, probably limited annual mileage too but as a dry weather non commuter rider that doesn't bother me too much. Initially joined because of my Norton, no everyday insurance company would ever pay out close to what it is worth/I paid for it as a total loss. Talking about £6k so I really didn't bother to compare premiums with anywhere else. I then got the FZS 600 which gets in under the 20 year rule at 2001 and found the added cost for the second bike was a no brainer. That I was a member of the Norton Owners Club was sufficient, I didn't have to join any other Yamaha or Japanese Classic oriented club as well.

Looked it up, Norton was £142 and 10 months for the Yamaha mid-term add-on was a £48 add on for a 67 year old. So, possibly not that cheap but as above, the agreed value bit swings it for me every day. Think I also get breakdown insurance as part of the deal but I already have RAC for that so nothing gained really.

[fazersharp]

Thanks everyone.
I am happy with the insurance quote its £94 fully comp and £50 excess social and domestic only - no commuting no leather or helmet add ons milage restricted at 3k ( i usually only do 1k ) I am already in the AA with my car
last year it was £125
I have been with carol nash for about 4 years.
When I phoned to re new I was asked what value - like they always do and I said £2500 - like I always do but I have never had a form to fill out to send photos.
The documents say £2500 and that is what my £94 insurance says.
Actually £35 of that is the carol nash fee.
The bike is 27 years old
So how much is it worth. ?
picture of the part hat says future classic. Its a ageas thing not carol nash

[Ned Jough]

I think you are spot on with an insurance value of £2500. What it’s worth is a little subjective. I bought one six months ago identical to your own but with a stainless exhaust system and believe it or not, less mileage. It is immaculate and I only paid £1800 for it. So if you needed to replace yours, like for like, you can probably find one for less than £2000. So I guess that it’s worth £2000 to a buyer but worth more than that to you. As to how much your insurance would pay out if it were written off or stolen…. let’s hope you don’t have to find out.
PS. I think aesthetically your standard black downpipes look better than stainless replacements.

[fazersharp]

I think you are spot on with an insurance value of £2500. What it’s worth is a little subjective. I bought one six months ago identical to your own but with a stainless exhaust system and believe it or not, less mileage. It is immaculate and I only paid £1800 for it. So if you needed to replace yours, like for like, you can probably find one for less than £2000. So I guess that it’s worth £2000 to a buyer but worth more than that to you. As to how much your insurance would pay out if it were written off or stolen…. let’s hope you don’t have to find out.
PS. I think aesthetically your standard black downpipes look better than stainless replacements.

Thanks for that I might say £2000 then
The exhausts headers have a few small holes in the collector box area hat - so far I have been able to patch up with exhaust putty. I have also had all the stud nuts off a few years ago and re set with copper slip.