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Hi Bill,What was the problem Bill,
I have been with Carole for years and this year The price was lower !!.
How do you work out the £1M of cover, according to your figures (paying $1000 for $300,000) my paying £900 would get me £270.000, which is about right. and is 0.33%It is VERY important to tell the insurance company EXACTLY what the bike is used for.In Australia we have a company called Shannons that is probably the make leader in classic cars, bikes and anything else that is used on the road. My Rapide is insured for $75,000 and the premium is less than $200. My Shadow is classified as "laid up" undergoing restoration and is insured for $130,000 with a premium of $340.00. So while the Rapide is insured for accident, fire and theft the Shadow is only insured for fire and theft. I usually say less than 8,000km (5,000 miles) per year for all of my vehicle (14 currently roadworthy). For $300,000 of value I pay $1,000 insurance. Most insurance companies use the same actuarial algorithm so if you are paying close to 1% for premiums you need to look further. So in Chris' case he should have nearly £1M insured value depending on usage. For anyone riding in a foreign country I suggest Hagerty is the only option.
Here is another lurk/lark by insurance companies. I have a house with "supposedly" six bedrooms. BUT we use two of those as offices/studies and a third as a games' room. The difference between insuring it as a six bedroom house Vs a three bedroom house was massive. All other details were the same except number of bedrooms!!! Do your research and save money.