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Vintage Bike Insurance

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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 Topic: Vintage Bike Insurance
    Posted: 08 Mar 2018 at 11:56
My V1000 becomes "Historical" on April 5th , Just had the CN insurance renewal I get real fed up of the annual dance with CN ringing them chatting getting a reduction SO who do YOU use for the over 40 yr old bikes? just want to save computer time really.... NOT BOTHERED ABOUT MULTI BIKE POLICIES Just a decent quote sub £131 ....with agreed Value Footman James are a NO quote looks fine UNTILL you see the add ons ....£20 if you ride it to work? £10 to have agreed value etc etc ....

Edited by Ken-Guzzibear - 08 Mar 2018 at 12:11
The Older i Get, The Better I Was
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Jim Mac View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jim Mac Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 13:39
Try Peter Jones.  i have the T5 and the Norge (they allow you to add on a modern bike)  - £250 fully comp, commute, 3000 business miles plus usual breakdown etc
Norge 1200 GT 8v   T5 Polizia
Too old to die young
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 14:51
I think you may mean Peter James..................

http://www.peterjamesinsurance.co.uk/

They know their stuff but can be a bit hit and miss for modern bikes. Prices, cover etc are excellent for older ones however.
Ian
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jerry atric Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 15:49
Peter James. You ring up and talk to someone in England with English as their first language and they are always polite and helpful. And you don't have to sit for ages in a queue.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote saultrader Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 16:53
I'd stick with Peter Jones, a brilliant comedy actor (much like an insurance broker I suppose)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Loopian Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 18:48
I also use Peter James, and I’ve just had my renewal through for my Loop £92.53. So I’ve no need to shop around.
Cheers Ian
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iceni Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 19:21
I’ve just renewed with RH Classics ; four bikes fully comp with breakdown assistance for £120. If you want legal cover it’s roughly an extra tenner.
Having heard good things about Peter James, I tried an online quote, but they have an age limit of 75. I’m too old
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Post Options Post Options   Thanks (0) Thanks(0)   Quote red leader one Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2018 at 19:43
£120 quid do you live in the Outer Hebrides?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Keef Mayhem Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 01:52
I must have too much money, I thought I was doing ok paying £400 for my little collection of bikes,
ah well I'll worry about that next year at renewal time, it all got messy this year as I had a 6 wheel policy and the car side of things screwed everthing up when I swapped cars recently and I ended up with seperate policies again.
mind you my 6 wheel policy actually had 20 wheels on it Pig
So many bikes, so little time !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iceni Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 07:31
In keeping with policies offered by other Brokers, RH Classic policies are underwritten by ERS. Strangely, it would appear that although being underwritten by ERS, there appear to be variation, as in the past I have found that one Broker's policy includes write off / damage retention while another   Broker states that said write off / damage becomes the property of the Insurer.
There are elements of my policy I don't particularly like; for example, if a bike is on my drive and someone tries to or succeeds in stealing it, it's not insured, so I'm REALLY careful about that. This comes under the Garaging Clause. This year I increased the value on two bikes which didn't affect the premium, but of course, only the market value would be paid in the event of loss. On a positive note, the Breakdown cover is included as standard, but as with all things insurance, you don't know if your cover is any good until you make (or try to make) a claim. Necessary evil - we all have to have it
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 11:14
Yes, I think ERS (Equity Red Star) have cornered the market in underwriting - but I really don't understand the disparities in cover either.

As I understand it, the garaging clause only applies during the night so if you leave the bike on the drive (say) for an hour or so during the day it should be covered. But I wouldn't like to test this.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike H Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 11:37
Yes you must be very careful what you specify - if you say kept in garage, or behind locked gates, or on private driveway (as opposed to parked in the street outside your house), or you have a disc lock, or it has an alarm, then whatever it is must be used whenever you leave it else insurer may not want to pay out. Be like if you left the key in the ignition.

For example for my car one exclusion is insurance is void if a window or sunroof is left open. Something as simple as that. Confused

Also beware of things like is it used for commuting, and hence parked at or near works premises? Don't say it isn't if it is.

BTW note also if you make a claim, you will almost certainly be "penalised" with extra loading on the premium thereafter, for up to 5 years. If you change to a different insurer you must tell them about the previous accident, and again they will almost certainly load the premium accordingly for up to 5 years since the occurrence. Guess how I know. Ouch


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"Chicken nuggets don't dance on a Tuesday."
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Post Options Post Options   Thanks (0) Thanks(0)   Quote v7john Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 14:51
As has already been said, It's what happens when you have a claim that counts. I'm with ERS via RH insurance. I had a big accident in 2014. My claim was paid in a matter of weeks at a figure I thought was fair and reasonable (market value). I then had the salvage back with no deduction.

I have stayed with them because their price is good and I've had a good experience. These days I have agreed value insurance which was painless to organise.

I will always include legal expenses cover on my car and bike insurance from now on. It's three years on from the crash and my personal injury claim is still not sorted but, they kept at it for over 2 years until the other side conceded and accepted liability. As I had legal expenses insurance I won't have to hand 20% of the final settlement over to the claims company either.
1972 V7Sport "The Racing Rhino".
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2018 at 15:33
You often get legal cover from a variety of sources.

When I was a Unison shop steward one of my members had a really nasty crash on her Honda 90 step through (she used to commute on that daily right through the winter and everything). It was the common SMIDSY.

The Trade Union solicitors took up her case and she got a very decent payout (and was back on a brand new Honda days later).

So it may not be worth paying the extra for it to be included in your bike insurance when you already have it.
Ian
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Post Options Post Options   Thanks (0) Thanks(0)   Quote V7Chris Quote  Post ReplyReply Direct Link To This Post Posted: 10 Mar 2018 at 08:00
Originally posted by iansoady iansoady wrote:



As I understand it, the garaging clause only applies during the night so if you leave the bike on the drive (say) for an hour or so during the day it should be covered. But I wouldn't like to test this.


Be careful, my policy makes no such distinction - on the drive and stolen, insurer not liable according to the policy wording. I suppose if some one jumped on it and buggered off whilst you were locking the garage door or something it would be hard for the insurer to to wriggle out of it under the 'clause must be reasonable and fair' laws.
Chris
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