Sat, 01/30/2010 - 13:46
I am restoring my R26. The bike is currently insured for about $5K for a total loss.
I'm wondering how insurance on a restored vintage bike works. I know that these bikes seem to sell for not much more than the $5K figure I used to insure before the restoration (which as you all know costs a bundle), but I'm curious how insurance carriers determine the value of older, restored bikes.
How do you determine insurance value on your vintage bikes?
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I just insured my recently purchased R25/2 for a stated value...I provided the value to company. I basically gave them a value for what I paid for the bike plus some...I was thinking that if something should happen, I would at least have my initial investment back. I went with JC Taylor but also considered Hagerty. They both work the same way.
Kurt in S.A.
Kurt in S.A.
'78 R100/7 '69 R69S '52 R25/2