BMX General > BMX Chat
Bike insurance
rodriguez:
--- Quote from: That Swan Guy on November 26, 2016, 07:41 PM ---I sat down and spoke to my insurer, I even explained in depth what they were, where they were (garage) and how difficult it would be to replace SOME of the parts. They were great they stated it was all covered. So I guess they know fook all too!
--- End quote ---
To be 100% truthful I'm sceptical.
You'd be surprised how poor the level of knowledge is at the end where you discuss your requirements and buy your policy, they're mostly just poorly trained, poorly paid nodding dogs who's job depends on sales.
How do you provide a valuation of an Old School BMX to a loss adjuster? if you can't you're in a spot of bother, can it be valued by a value auction house? Whether or not an Insurer will pay out on a claim will depend on the valuation.
Read this.
https://www.moneysupermarket.com/home-insurance/collectors-insurance/
That Swan Guy:
--- Quote from: rodriguez on November 26, 2016, 08:02 PM ---
--- Quote from: That Swan Guy on November 26, 2016, 07:41 PM ---I sat down and spoke to my insurer, I even explained in depth what they were, where they were (garage) and how difficult it would be to replace SOME of the parts. They were great they stated it was all covered. So I guess they know fook all too!
--- End quote ---
To be 100% truthful I'm sceptical.
You'd be surprised how poor the level of knowledge is at the end where you discuss your requirements and buy your policy, they're mostly just poorly trained, poorly paid nodding dogs who's job depends on sales.
How do you provide a valuation of an Old School BMX to a loss adjuster? if you can't you're in a spot of bother, can it be valued by a value auction house? Whether or not an Insurer will pay out on a claim will depend on the valuation.
Read this.
https://www.moneysupermarket.com/home-insurance/collectors-insurance/
--- End quote ---
They stated that below £1k it doesn't need proof of value.
rodriguez:
--- Quote from: That Swan Guy on November 26, 2016, 08:05 PM ---
--- Quote from: rodriguez on November 26, 2016, 08:02 PM ---
--- Quote from: That Swan Guy on November 26, 2016, 07:41 PM ---I sat down and spoke to my insurer, I even explained in depth what they were, where they were (garage) and how difficult it would be to replace SOME of the parts. They were great they stated it was all covered. So I guess they know fook all too!
--- End quote ---
To be 100% truthful I'm sceptical.
You'd be surprised how poor the level of knowledge is at the end where you discuss your requirements and buy your policy, they're mostly just poorly trained, poorly paid nodding dogs who's job depends on sales.
How do you provide a valuation of an Old School BMX to a loss adjuster? if you can't you're in a spot of bother, can it be valued by a value auction house? Whether or not an Insurer will pay out on a claim will depend on the valuation.
Read this.
https://www.moneysupermarket.com/home-insurance/collectors-insurance/
--- End quote ---
They stated that below £1k it doesn't need proof of value.
--- End quote ---
For a normal everyday cycle yes but collectables are different and your old school BMX is a collectable and more than a couple is a collection.
If your house burnt down (god forbid) and your showing pictures of your bikes to the loss adjuster I think they'll view it as a collection.
Andy68:
--- Quote from: That Swan Guy on November 26, 2016, 07:57 PM ---
--- Quote from: Andy68 on November 26, 2016, 07:53 PM --- :LolLolLolLol:
I guess what I'm saying is........
Although it sounds like you got it good with your insurer, my previous quotes wouldn't entertain my collection when I asked. Although a pain in the ass, Admiral would cover them but asked for specific details and value. Who am I to argue. Just think it's best to state your bikes and take it from there, not presume they'd be covered at home or out and about.... Which of course you did. ;)
--- End quote ---
and I wasn't talking to you!
see you next Sunday at 1400 x
--- End quote ---
My phone crashed again.... I thought it was you talking to me!!! I'll get my coat and hurl this out the door. My apologies x
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