Classic Motorcycle Insurance Policy

Classic vehicles are owned by equally classic peoplemotorcycles in and out, and therefore have spent
who value the olden days more than anything else.considerable years being on the road. Some insurance
Its not that they live in the past, it is that they arecompanies also provide extensive breakdown and
the ones who know how priceless a classic vehicle is.recovery service at a very nominal fee throughout
Gone are the days when we could see Bullets andEurope and UK with the added benefit of foreign use
Flying Merkels, Nortons or Jawas thunder across theentitlements.
roads, whipping up a cloud of dust as they roar out inClassic motorcycle insurance is also attractive to the
the horizon. But not everything is lost. Even todayowners because some insurance companies also
we have motorcycle lovers who keep these rareinclude in the policy a free agreed value. This is a
beauties in their stables well oiled and polished to thebenefit given to the owner who just needs to send
finish. Their passion for owning these grand twoin a photograph of the actual vehicle to the insurance
wheelers is so deep and intense that they are willingcompany, which values the vehicle based on the
to go all out to pay what it needs to own andfeatures presented in the photograph. A valuation is
maintain these vehicles. It is essentially for theseput on the vehicle which is mutually agreed upon by
lovers of classic motorcycles that the insurancethe insurer and the insurance company. In the event
companies have come up with a number of classicmisfortune befalls the vehicle in the form of an
motorcycle insurance policies which are affordableaccident or a burglary from the owner's garage, the
and contain a host of added features.insurance company would settle the value based on
Most of the classic motorcycle insurance policies arethe agreed value and not on the existing market
available at reduced premiums. This is because ofvalue which is certainly going to be very insignificant.
two reasons - one, the insurance company assumesThis proves once again that the company would
that these vehicles would be very sparingly used andrespect the price that a classic motorcycle truly
would not be involved in major accidents and two,enjoys.
these vehicles are owned by experts who know