| But insurance is not about resale value, it's about replacement value, so I'd suggest you take the cost of the bike and add the value of the parts that have been added... after all, it's going to cost that same ammount to put the customer back to the same position as before a total loss incident, which is what insurance is about, right? But then you have to consider a lower cost of a potential claim by estimating what shiney bits might be recoverable from the vehicle.
Anyhow, how do you value a standard vehicle just by asking what make and model it is? I've never been asked what condition my bike/car is in, and that's usually the single factor that determines it's resale value.
Hang on, I'm thinking as I'm typing... and it's not quite black and white is it, so I'm going to shut up before I confuse myself!!!! |