FXRT Insurance Coverage

Reply Subscribe

Thread Tools

Search this Thread

Jun 30, 2023 | 11:48 PM

rizzo

Thread Starter

Seasoned HDF Member

Joined: Dec 2006

Posts: 8,217

Likes: 6,134

From: Black Hills

FXRT Insurance Coverage

Getting the old girl on the road tomorrow, I have it insured but they would not talk about value if wrecked or stolen - they said value would comparable to another bike. We know the values vary wildly based on who you talk to - what are you guys using to cover your RT's? Haggerty offers "agreed value" coverage, any other recommendations ? Thanks.

Jul 1, 2023 | 05:45 AM

guido4198

Grand HDF Member

Joined: Aug 2008

Posts: 3,601

Likes: 9,913

From: Florida's gorgeous East coast

I went through something like this when I insured my 1967 Corvette Stingray. Insurance companies were offering me some attractive rates...UNTIL I asked the same question about the settlement if ( God Forbid) my Corvette was stolen or totaled. All of a sudden they got REAL vague. I started hearing comments like "Well, you know it's an old Chevy..." , or "Well...you gotta figure it's an old car". That's when I'd hang up the phone or get up and leave their office. I finally found an agent that offered "Stated Value" coverage. I got a local Corvette Specialty shop to go over the car and provide a written statement of value. That's what the company agreed to pay in the event of a total loss. It wasn't cheap and periodically requires updating, which increases premiums. Policies like that may also include specifications regarding storage and USE ( how many miles, etc).
I've not gone that far with my 1985 FXRS btw. It's an old bike and hasn't been restored in any way...just ridden...A LOT.

Jul 1, 2023 | 06:16 AM

smitty901

Seasoned HDF Member

Joined: Feb 2008

Posts: 22,999

Likes: 11,439

You need to insure it at a declared value. You will pay more but then you are covered for at a higher amount.

Jul 1, 2023 | 06:46 AM

Stiggy

Seasoned HDF Member

Joined: Nov 2010

Posts: 17,548

Likes: 7,182

From: Oxford, Nc

JD Power has what I consider acceptable values that an insurance carrier should agree to accept.

https://www.jdpower.com/motorcycles/...de-80ci/values