No Claims Discount

Agreed Value Validation - Classic Bike

What is Agreed Value?

As part of our cover for classic motorbikes, Bennetts can offer the option of having an agreed value which guarantees the amount you will be paid for your motorbike in the event of a total loss claim. You have the option to add on Agreed Value to your Classic Bike policy at any time.

 

What do I need to do to apply for an Agreed Value on my policy?

You can apply for an agreed value on your policy by completing and sending us the Agreed Value request form which can be found here >> Policy Documents

 

In order to apply for the Agreed Value feature, you will need to:

  • Complete the Agreed Value request form linked above (this will also be sent to you with your policy documents);
  • A copy of any independent valuations you have of the bike, ensuring the date of the valuation is included;

  • Include a copy of the V5C;
  • Include any supporting documentation such as purchase receipts which help to substantiate the value you want to agree;
  • Include 7 good quality photographs of the motorbike which show: The near side, far side, front, rear (including registration number), engine, instruments and clocks and finally, the frame number.

If you are on a multi-bike policy you will need to complete the Agreed Value form and above process for each classic bike on which you wish to apply for an agreed value. 

 

How do I send you my information?

 

Post

You can send us your Agreed Value form and supporting information by post to: Bennetts Insurance, Enbrook Park, Sandgate, Folkestone, Kent, CT20 3SE

Email

You can simply scan your Agreed Value form and supporting information and send it to us by email to: classic.bike@bennetts.co.uk

Make sure that if you scan a document or photo, that the image clearly shows the information we need to see.

Text message

Take a photo of your Agreed Value form and supporting information on your phone and send it as a text message to:  07786 200 898

You’ll need to make sure the photos clearly show the information we need to see.

 

 

Please note, market value will apply to the motorbike until the valuation has been agreed and confirmed on the policy.

 

 

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