Topic: insuring a 1975 400 f for 10,000?

[Redline it]

to get some ideas of the possibility of valuing a 400f at $10,000 if possible and some rates to expect.

currently i have a 400f 76 and a xr650r 2000, insured with the minimum coverage of about $95.00 per year for both, and that's my usual interest as i fix my own mistakes, and if i crash by a car or truck chances are i might not be around to file a claim. i ride those as hard as i can. not so much the 650, it's hard to pick up, but the 400 if there's an inch and a half clearance on both sides, i'll ride between cars at the stop lights or on a freeway, it doesn't matter, because it's a narrow bike.

only this bike i paid 5100.00 on a hunch,  i just spent a year stripping to the frame to paint and reassembled, didn't paint the motor, has some rust
 on the tops of the pipes, from master cylinder dripping fluid probably for 10+years, sitting outside, has 10,600 miles on it, it runs and handles like it's brand new. i don't want to sell it, but i want to consider it more of a value to protect it,  the insurance company i use doesn't cover classic bikes.

anyone know of if it can be insured for that much and how much the premium would be? or who would insure it to get that info?

[Bodi]

To get insured for a value over the book value (pennies for a bike that old) you need an appraisal from a source accepted by the insurance company. I think you can insure for any value you like but if there's a claim without an approved appraisal in the policy you get the book value for a writeoff.. and pretty much anything claimed is going to be a writeoff with the low book value.

[Redline it]

that sucks but sounds typical of the scammish business world. so having an inside line of the appraiser being a friend or buying lunches for would be my only hope.

i got a 06 murano brand new with triple a full coverage insurance, paid it off on the second payment. it has just over 10,000 miles and every year AAA panics about the low mileage to get a 10 dollar discount, yet it still on full coverage, that wouldn't cover a plastic fender before totaling it out, it's still lower than any other carrier if changed, i think even it were just pl and pd.

[jakec]

My 400 is insured by geico and I signed up for the maximum "customization" coverage with is an additional $2,500 in accessories.

When I got hit on my Amen 750 and it got totalled, I just showed the adjuster 3 examples of similar bikes for sale. They were all asking $8-10,000 (crazy people). The adjuster just said OK looks good to me! and they gave about $9000 for my bike... bought it back for $250 haha

[Bankerdanny]

that sucks but sounds typical of the scammish business world. so having an inside line of the appraiser being a friend or buying lunches for would be my only hope.

i got a 06 murano brand new with triple a full coverage insurance, paid it off on the second payment. it has just over 10,000 miles and every year AAA panics about the low mileage to get a 10 dollar discount, yet it still on full coverage, that wouldn't cover a plastic fender before totaling it out, it's still lower than any other carrier if changed, i think even it were just pl and pd.

You should be able to document the value with recent auction sales, but you will likely also need to get a condition report to prove your bike is in as good shape as the auction bikes.