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Market value

GrantAndrew

Well Known and Active Website User
Non-VOC Member
I have insured my dads Egli Vincent through Footman James.
The insurance says it is insured for market value.
How much would this be?
They gave me a form to get an agreed value who in the club would do this?
What would i need to do?
Would it be worth getting an agreed value or would market value be sufficent?
Thanks, Grant.
 

johncrispin

Well Known and Active Website User
VOC Member
Grant,
Be aware that FJ have a normal ceiling of £25k, sadly I had to get mine increased by negotiation and for a reasonable increase in the premium which jumps up in £5k steps, I got what I thought was a reasonable compromise (value, v risk, v unacceptably high premiums).
Of course everything would be fine but for the idiotic sums which our bikes can fetch in which case how long is a bit of string ref valuation. I had the dubious honour of valuing a fellow members White shadow once, when I was an s.o. Had he or I known what would ensue from that a couple of years later.... but that is another story.. come down to the link rd log cabin A361 when the weather improves and meet our happy band on a WED lunchtime. J .sw section
 

Tom Gaynor

Well Known and Active Website User
VOC Member
When last i looked at agreed value, I was told that photographs of the bike had to be film, not digital, presumably to guard against a quick photoshop "conkers restoration" of a wreck. Do they still?
 

Alan J

Well Known and Active Website User
VOC Member
No, Tom-I just sent a "digi photo" of my old Beeza To F.J. and they accepted it Hardly anyone uses "film" any more! John, I live at the other end of the A361! call in and see me any time-it's a long road!
 

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