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Insurance cover for modified bikes

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BrianR2 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BrianR2 Quote  Post ReplyReply Direct Link To This Post Topic: Insurance cover for modified bikes
    Posted: 22 Sep 2020 at 13:09
During lockdown I spent quite a bit of time and money upgrading my v7 iii.   I then duly notified my insurer and learned some important lessons.

My current insurer was happy with my new shocks (Hagon), end cans (Arrow), panniers, heated grips etc but refused cover for my replacement (Teo Lamers) seat!   I explained that the seat was on the same seat pan and was a direct replacement, needing no alterations to the bike.  It does not have room for a pillion but I never carry one and indeed am not insured to do so.

When my broker checked other insurers, they baulked at the shocks, even though they were made for me and the bike by Hagon, a long-established and respected specialist.

I took the line of least resistance and reinstalled the OEM seat and paid an additional premium to my current insurer to cover the increased value of the bike.  However, I sent a photo of the Teo Lamers seat in situ and asked for the broker to check again with the insurer.  Within two days I had a reply saying that the seat was fine and would be covered under the existing instance.

Lessons:
1.  assume nothing.  Check all midifications with your insurers unless they are specifically approved for your policy: past experience suggests that many will need little excuse to void cover when you make a claim.
2.  be persistent.  Insurance is driven by inflexible computer algorithms (!) and effort can be needed to invoke human common sense.

Alls well that ends well but it was very hard work.

Brian
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BobV7 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BobV7 Quote  Post ReplyReply Direct Link To This Post Posted: 22 Sep 2020 at 13:26
Sound advice. Don't let the bastards grind you down!Angry
V7 Classic Black and gold was the best. But green & black was nice too. Now blue is in!
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Jerry atric View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jerry atric Quote  Post ReplyReply Direct Link To This Post Posted: 23 Sep 2020 at 08:04
I always wonder how do people insure the quite radical cafe racer conversions? Do they just chance it or is there specialist insurance at a huge cost?
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Guztave View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guztave Quote  Post ReplyReply Direct Link To This Post Posted: 23 Sep 2020 at 14:48
I have changed many aspects of my Sporti, wanted insurance that reflected this - so my insurance would not be nullified and to reflect the money I have spent. After much searching, I went with RH SPECIALIST insurance as they were the only company I could find that understood my requirements.

I did not find them particularly expensive, but everybody has a different view on prices.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote TooJuicy Quote  Post ReplyReply Direct Link To This Post Posted: 23 Sep 2020 at 18:14
Originally posted by BrianR2 BrianR2 wrote:

When my broker checked other insurers, they baulked at the shocks, even though they were made for me and the bike by Hagon, a long-established and respected specialist.

I have also been through  grillings after replacing the (rear) shock on my VFR and my Guzzi Sport.  The insurers initially think I'm some racing demon until I tell them the originals just wore out and the replacements are  just repairs.  The insurers always come back to ask why I didn't fit OEMreplacements and the answer that OEM is both expensive and rubbish always satisfies them. And it is True too. 

Tony
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hippo-Drones Quote  Post ReplyReply Direct Link To This Post Posted: 10 Nov 2020 at 09:40
When I started modifying my V7, I explained to my insurance company what I was planning, and that I wanted like for like replacement should I have to claim. Due to the amount of mods, they eventually just asked me to send them some photos of the bike and that was that.
Do check if you have mods, that your insurance company will replace them like for like, as most will only replace parts with OEM parts.
This is me: www.youtube.com/c/HippoDrones
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ItieNut View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ItieNut Quote  Post ReplyReply Direct Link To This Post Posted: 24 Nov 2020 at 22:11
I have just fitted a new Hagon shock to my 97 Aprilia pegaso. So do you think I'v doubled it's value. LOL
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Brian UK View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Brian UK Quote  Post ReplyReply Direct Link To This Post Posted: 24 Nov 2020 at 22:25
We used to say that about filling certain vehicles up with petrol.
Brian.

Better 5 minutes late in this world than years early in the next.
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Ken-Guzzibear View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ken-Guzzibear Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2020 at 09:58
Have to say this depends an awful lot on the agent and broker. When I have replaced parts on my V1000 over the many years/miles I spoke to them with a follow up letter , now e-mail, to tell them for instance Replacement shock absorbers oem not now available, that was 1st time, recommended replacements will be (At the time) Koni dial a rides or Hagon, they were fine, did the same when oem boxes got hit by eejit in car they actually sent an assessor we chatted oem luggage not available at the time the Cali 3 oem were Givi 45 litre boxes he OK'd that with new frames it was then noted on the details. Mind you I do have experience of working in the Insurance industry, That said there are some insurers out there who consider none oem stickers/decal as a modification But this is worth noting. 

You have to convince an insurer that any suspension, exhaust upgrade is not an increase in power or performance, when I put my OS stainless exhaust on the V1000 had a letter that it gave no increased performance and was for longevity only, along with pictures they were fine. worth getting a note to effect that they accept any mods as not performance enhancing, or come renewal you are stuffed into the same rigmarole all over again
The Older i Get, The Better I Was
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