Steve's right. I only give a value over £1000 when such a low figure won't be believed. I only go Fully comp to get my NCB protected. It's legalised mugging but that's life
If you actually want insurance that's worth something you could look for an agreed value policy. This costs more especially as they usually charge for someone to come and look at the bike. Be prepared to support your value with adverts from the mags (would GB's be about in the VJMCC mag as well as our own estemed publication?) and short timed screen prints off e-bay. You'll still have a negotiation (rubbish the bikes in the adverts, they don't list whatever flash dongle you payed ££££ for etc.
), but in my one and only experience the assesor was really interested in the bike (Velocette) but didn't really have a clue (his main job was classic cars). A nicely restored and very clean Velo took him above his "standard" researched value and a few receipts for electronic ignition, new carb and rebuilt wheels took him to the value John the owner wanted. The policy however cost over twice what Carole Nash offered over the phone simply because the "you tell us £3000 but we all know in our hearts we'll only ever pay out £1500" factor is taken away. The next year you are also pretty tied to the same company up to the cost of another assesor visit and I think they know it!
This was a few years back, but I think this policy was by Footman James.
Andy
