500 Two-Stroke Tech

500cc GP-Replica Tech Forums

Search  FAQ  Register Login
It is currently Wed Sep 19, 2018 2:17 pm

All times are UTC - 4 hours [ DST ]




Post new topic Reply to topic  [ 8 posts ] 
Author Message
 Post subject: What are they worth today?
PostPosted: Tue Apr 03, 2018 11:43 am 
Offline
- - - - -
- - - - -

Joined: Sun Sep 07, 2008 1:16 pm
Posts: 940
Location: Cheltenham, UK
I'm wondering what I should be insuring my 500's nowadays?

currently at 10k but looking at what below is going for I'm not sure if I should up it a bit now, the modified one I guess will be less but the one I'm building will be original apart from pipes and brake lines and to a high standard?

https://www.ebay.co.uk/itm/YAMAHA-RD500 ... SwbzxauTKP

_________________
www.vinsbuilds.proboards.com


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Wed Apr 04, 2018 2:45 pm 
Offline

Joined: Mon Nov 16, 2015 1:41 pm
Posts: 412
Carole Nash agreed to a value of £12,500 on my bike last September mate...Fill in the form, send some pictures in and they will tell you if your taking the mickey or not...Id defo say 13k anyway, eBay is hard to judge a true reflection of the market, I sold a paddock stand the other week for £400, the following week, I sold another identical one and made half of that, if you get two or more desperate bidders, it can make the end price artificially high IMHO.


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Wed Apr 04, 2018 5:50 pm 
Offline
- - - - -
- - - - -
User avatar

Joined: Sat Feb 04, 2012 7:36 am
Posts: 2496
Location: Eastern Ontario Canada
podman wrote:
I sold a paddock stand the other week for £400, the following week, I sold another identical one and made half of that, if you get two or more desperate bidders, it can make the end price artificially high IMHO.


I would have happily paid plenty for a genuine paddock stand. I'm looking for RZ500 and RG500 genuine paddock stands.

Vin, I think you need to assign a value of at 15,000 GBP, if not more. What it cost you to build it is irrelevant. It's replacement cost that matters. The point of the insurance valuation is what it would cost you to find and purchase the identical bike. You'll pay more to get the same quality you have now and it will take time to find it. An independent appraisal is always best. Then your insurance company has the proof to back up your claim.

And keep this in mind: with these bikes it is not a local market, it is a global market. Pricing should be based on that global market. Many bikes sold on ebay, auctions, etc go to overseas buyers.

_________________
1985 RZ500 1GE Spec
1985 RZ500 47X Spec Project Bike
1986 RG500 ATR
1986 NS400R
1987 TZR250
1988 Honda RC31
2007 DL650 VStrom
2014 Triumph Thruxton Modified


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Thu Apr 05, 2018 5:35 am 
Offline
- - - - -
- - - - -

Joined: Sun Sep 07, 2008 1:16 pm
Posts: 940
Location: Cheltenham, UK
Thanks guys l realise it's a difficult one to price and very subjective especially looking at eBay prices but in reality lm guessing people outside of eBay reference it as a guide too as the amount of people that use eBay as a bargaining tool when the say "on eBay l can get this" or " you could sell it on eBay for that"

Anyway just wanted to know what you guys insure them for in the real world!

I will look into independent valuation though as this can only help.


Sent from my iPhone using Tapatalk

_________________
www.vinsbuilds.proboards.com


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Thu Apr 05, 2018 7:16 am 
Offline

Joined: Mon Nov 16, 2015 1:41 pm
Posts: 412
The key is he "agreed valuation" Vin...IE Its agreed with the insurer and you when the insurance is taken out. Just ask your insurer for the agreement forms, its only a case of filling it in and sending some pictures in. 5 mins max.

In the UK anyway, an independent valuation will only be worthwhile AFTER the event of an accident/loss.


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Fri Apr 20, 2018 6:31 am 
Offline

Joined: Mon Nov 28, 2011 6:43 pm
Posts: 163
Location: Wiltshire, UK
Vin - Carole Nash agreed the value of mine at £10k. After posting this on the UK Owners Club FB page, other people have had theirs insure for £13-15k with special builds having an agreed value of £20k.

_________________
Gettin' kinda squirelly!


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Fri Apr 20, 2018 9:16 pm 
Offline
- - - - -
- - - - -
User avatar

Joined: Sat Jun 14, 2008 7:16 am
Posts: 1213
What if you owned the last surviving factory motoGP bike, and somehow made it street legal, or a one-off custom built machine? A bike that could not be replaced.

What do you do about insurance?

I'm guessing you would just have to choose an amount of money that you would settle for in a total loss. The cost of the insurance should be the same for any vehicle insured for that same price.

Not really sure how it works. If there was a total loss a month or two after getting insurance, the insurance company could take a huge hit. Of course, if there was never a claim for many years, the owner could pay a small fortune.

Not saying it's a smart thing to do, but I have insurance on 6 bikes. Every policy is the absolute legal mimimum. I pay about $100 usd per year, per bike. I'm just willing to fix the damage myself using the money I've saved over the years vs. full coverage and higher premiums.

Not sure what I'll do with the big custom bikes, though.


Top
 Profile  
Reply with quote  
 Post subject: Re: What are they worth today?
PostPosted: Sat Apr 21, 2018 6:47 pm 
Offline
- - - - -
- - - - -
User avatar

Joined: Wed Nov 16, 2005 7:49 pm
Posts: 395
is this the paddock stand that all the fuzz is about. I know I have the swingarm support pieces up in the rafter. the stand is available use. the bigger cost will be the airline ticket to japan and you will need a passport

Image


Image

_________________
1991 3MATZR250SP
!993 3XVTZR250SP
1996 RGV250(Lucky Strike)
1994 MC28SP
1995 MC28SP
1996 MC28SP
1985 RG500(Walter Wolfe)
1984 IT490
1985 RZV500R
1985 NS400R
1985 NS400R
1997 VFR750
1992 FZR1000
RGV400
TZR500
TZR350
1990 RZ350
1971 Porsche911S


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 8 posts ] 

All times are UTC - 4 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group