BMX General > BMX Chat
Insurance
Rodgy1970:
Mostly when you insure a normal bicycle it's pretty straight forward as you will have the receipt or pictures if you've had it a while and the receipt is gone, if it gets stolen or damaged or whatever you can prove what you are out of pocket and the insurance company will compensate you.
An old school bmx is a collectable and an oddball one at that, I see a bit of a problem in proving the value should anything happen to it/them, most collectables can be valued by an independent valuer but as this is a relatively new hobby with very volatile prices I don't see this as an option.
If you can get a company to insure old school bmxs make sure they agree it is a collectable or collection and agree a value, make sure it is listed on your schedule of insurance with the agreed value.
Take plenty of pics, keep any proof of what you paid for parts as well, like print outs of ebay transactions, copies of emails for private sales.
Good luck!
Bob_Acid:
Have a word with Rich Wax, he insured his collection a few years back :daumenhoch:
brettypeeps:
Mine are insured on the house insurance uproar £2500 per bike with no maximum number of bikes. I have to pay extra to have them covered away from the house. This is with Aviva I think. I will check when I am back in the UK.
Rodgy1970:
--- Quote from: brettypeeps on June 01, 2012, 12:31 AM ---Mine are insured on the house insurance uproar £2500 per bike with no maximum number of bikes. I have to pay extra to have them covered away from the house. This is with Aviva I think. I will check when I am back in the UK.
--- End quote ---
I think you need to check if Aviva know they are collectables as opposed to normal bicycles, collectables may be viewed differently by Aviva and other high street companies.
Here are a few companies that specialise in insuring collections.
http://www.mjacollections.co.uk/index.html
http://www.fineinsurance.co.uk/insurance-for-collections/
http://uk.marsh.com/ProductsServices/MarshSolutions/ID/20426/Specialist-Insurance-for-Private-Collections.aspx
brettypeeps:
--- Quote from: rodriguez on June 01, 2012, 12:49 AM ---
--- Quote from: brettypeeps on June 01, 2012, 12:31 AM ---Mine are insured on the house insurance uproar £2500 per bike with no maximum number of bikes. I have to pay extra to have them covered away from the house. This is with Aviva I think. I will check when I am back in the UK.
--- End quote ---
I think you need to check if Aviva know they are collectables as opposed to normal bicycles, collectables may be viewed differently by high street insurance companies.
--- End quote ---
I had long discussions with them to ensure it was all ok :daumenhoch:
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