Is my Ariel under insured ?

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Mickypic
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Is my Ariel under insured ?

Postby Mickypic » Mon Feb 05, 2018 6:59 pm

5FCB7A5C-084D-4DE2-8B07-2C1E5D837E28.png
Andy Tiernan has just sold this 1948 VH for £9200 which started life as a VG. Second pic is of my 1949 VH which I have an agreed value of £6000 should I up it to £9500 ?
Cheers Micheal
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robjameson
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Re: Is my Ariel under insured ?

Postby robjameson » Mon Feb 05, 2018 8:41 pm

I would increase it!

My ‘57 VH is agreed at £7000
Rob Jameson
AOMCC Member Number 4068
1957 Ariel VH
1956 Ariel KH (LARGE project!)
2016 Honda CBR600RR

iansoady
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Re: Is my Ariel under insured ?

Postby iansoady » Tue Feb 06, 2018 10:15 am

Do you know he actually got £9,200 for it? The Sunbeam I had from him was originally at £7,000 but I paid £5,000.

And he is not known for under-pricing his bikes. Having said that, £7,000 would not be unreasonable.
Ian
1952 Norton ES2
1982 Moto Guzzi V50

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paul.jameson
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Re: Is my Ariel under insured ?

Postby paul.jameson » Tue Feb 06, 2018 7:56 pm

If you over insure your bike you will pay more in insurance - perhaps £50. If you under insure and need to claim, the claim will be settled as a percentage of the figure it was insured for - so perhaps you could lose £5000. You pays your money and you takes your choice.
Paul Jameson
36 4G, 37 VH, 53 ex ISDT KHA (project), 54 KH(A), Healey 1000/4 (project)
Former Machine Registrar & Archivist, General Secretary and Single Spares Organiser (over a 25 year period).
Now Archivist once more - but not Machine Registrar.

iansoady
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Re: Is my Ariel under insured ?

Postby iansoady » Wed Feb 07, 2018 11:40 am

The differences in premium for different values with Peter James are minimal unless we're talking about Brough Superiors and the like.
Ian
1952 Norton ES2
1982 Moto Guzzi V50


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