Insurance what a piss take.

[mr self destruct]

[quote author=Townhill link=topic=21801.msg251885#msg251885 date=1486379006]
In a round about way doesn't matter what you value your bike at. The more you put a value on the bike the higher the insurance goes but you still only get the market value if you put a claim in. You might as well down value your bike on requesting a quote
                                                                            Steve
                                                                                                                          Steve

I think its a bit of a trap that they lead you to. They ask what is it worth and you say £3,000 so they then load the insurance but as said will only pay out market value £1000.
But watch out because if you say £500 to get the insurance down then £500 is all they will pay out and not the £1000 market value.

I am withy bennets this year and they have a list of accepted mods that wont add to the insurance cost. Same with my last insurance I had to list my mods otherwise they would not pay out for them in the event of a claim, stuff like hugger, braided lines, rad cover, declaring them did not add cost to the insurance.

But yes insurance is a piss take and I get sick of having to go through the annual haggle when my new quote is £100 more than my last one.   
[/quote]
This made me laugh today. I've just declined my renewal with Bennets because they still had my bike's value at £2500. I called them to say it's dropped in the four years I've been with them and is now more like £1500. They said they adjust for age anyway, but the new value won't decrease my premium and they now want a £25 fee because I've made a change to my policy for fucks sake!