26-06-12, 02:24 PM
(26-06-12, 02:11 PM)Fazer Jake link Wrote: [quote author=Tmation link=topic=3609.msg29492#msg29492 date=1340712395]
Why would you think if you modify your bike you shouldn't pay extra for it?
Say you buy a £5,000 bike you would expect to pay say £250. If you then add a £1,000 or so of extras surely you can expect a £50 or so increase. Now if this increases your bikes performance or its attractiveness to thieving toe rags its reasonable to expect to pay even more. Say your bike got knocked over in a car park and damaged your £50 heated grips, if you hadn't declared them why should the insurance pay out or not just give you the £5 cheap rubber ones. What if at the same time your £400 Zumo GPS was smashed should they pay for that if you hadn't been charge excess premium?
I am not defending insurance companies, as I agree they just take your money and then make every effort to not pay out and I agree with MadDogMcQ, pay as little as you can and hope you don't have to claim.
Thats totally irrelevant, insurance companies payout on the basis of the motorcycle value minus the mods, declaring the mods wont get you a penny more unless you state the value etc.
[/quote]You'd have to get an agreed value policy. As said, just declaring them won't mean they're covered. Your heated grips will be replaced with standard ones and your Ohlins shock will go back to standard unless they've agreed otherwise.