Insurance for replacement value of a resto bike.

tzmike
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tzmike
I want to get replacent coverage on a 07 CR250R I just restored to stock condition.
Recommended companies anyone suggests ?
A man cave bike that won't be ridden .
Guesstimate on what I should expect to pay yearly would be great as well.
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fourfourone
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fourfourone 9/19/2019 7:24am
9/19/2019 7:24am
I would try progressive. They have off road specific insurance for bikes and ATVs. I pay 125 a year. That's for a 17 yz450f. They also claim to cover add ons.
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kb228
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kb228 9/19/2019 7:26am
9/19/2019 7:26am
If i remember correctly, progressives insurance quoted me like $75 a year last time i checked. This was a year ago tho.

Point is its dirt cheap
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Premix
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AS US
Premix 9/19/2019 7:36am
9/19/2019 7:36am
Hagerty for Collector Bikes.

Don’t insure it with a run of the mill Progressive, State Farm, Allstate ect. They are all ACV policies and stated amount policies not agreed price like Hagerty. You’re going to pay a little more but money should be no object when it comes to peace of mind.
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Dtat720
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Dtat720 9/19/2019 8:05am
9/19/2019 8:05am
Hagerty or Lloyds of London for stated value. Progressive, etc., will not write stated value
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tzmike
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tzmike 9/19/2019 9:02am
9/19/2019 9:02am
Hagerty sounds like the ticket, especially for stated value.
Thanks all
harescrambled 9/19/2019 9:32am
9/19/2019 9:32am
tzmike wrote:
Hagerty sounds like the ticket, especially for stated value.
Thanks all
You should also check out Markel insurance. They're a specialty insurer
OldPro277
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Avonmore, PA US
OldPro277 9/19/2019 10:10am
9/19/2019 10:10am
tzmike wrote:
Hagerty sounds like the ticket, especially for stated value.
Thanks all
harescrambled wrote:
You should also check out Markel insurance. They're a specialty insurer
Markel is definitely the way to go if you have pricey Vintage units .
APLMAN99
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APLMAN99 9/19/2019 6:13pm
9/19/2019 6:13pm
I used to sell Hagerty and I've known people who have used Grundy. Both are great insurers, but not sure that a bike that new would fit their underwriting guidelines. Mostly they are "vintage" and "exotic" insurers, but it wouldn't hurt to try them for a fire/theft policy. Worst thing they can do is say no.

A buddy of mine insured 3 of his classic cars with me. 69 Camaro RS, $35K, 67 Corvette Roadster w/427, $65K, and 70 Plymouth Superbird, $130K. His total annual premium was less than $750. But that was back in 2005ish, so not sure what their rates are like now.
GOHAWKS
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GOHAWKS 9/19/2019 6:51pm
9/19/2019 6:51pm
Be sure and check out Grundy Insurance as well.They will do agreed value on collector cars, and I think will look at other products as well.
tzmike
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tzmike 9/21/2019 8:00am
9/21/2019 8:00am
Theft/fire for the stated value is what I would like.
The cost of the purchase, parts and my countless hrs of labor. (Beyond endless).
Can't hurt to give them all call.

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