I really don't want to know. I have it insured for 35k and I'm afraid that may be a little low. I have no intentions of adding it all up unless its stolen.
:duh?:
:duh?:
It might be a good idea to add it all up. You might be able to save yourself some $$ on your insurance if you add up your "extras" properly. Most insurance companies (like Geico in my case) consider "replacement" parts different then "add-ons" when you want extra insurance. So if you take off one part to install another, its considered a replacement, and is covered by the $ value of the OEM part. If you simply install the part, without removing anything, it is considered an add-on and requires extra insurance to cover it...Peacekeeper said:I really don't want to know. I have it insured for 35k and I'm afraid that may be a little low. I have no intentions of adding it all up unless its stolen.
That's exactly what I was thinking. My selective memory loss prevents me from coming up with even an estimate. :laugh:swmnkdinthervr said:Can't say...the OL might read it...the bike would then be for sale...I'd be dead...
There is absolutely no way you can replace a customized/modified motorcycle using that formula.petrock said:I've put about $500 into my bike so far. The pipes were a X-Mas gift from my girlfriend (yeah, she's a keeper) so I don't count those.
It might be a good idea to add it all up. You might be able to save yourself some $$ on your insurance if you add up your "extras" properly. Most insurance companies (like Geico in my case) consider "replacement" parts different then "add-ons" when you want extra insurance. So if you take off one part to install another, its considered a replacement, and is covered by the $ value of the OEM part. If you simply install the part, without removing anything, it is considered an add-on and requires extra insurance to cover it...
To calculate the amount of extra insurance you need in the replacement case, you take the retail price of the OEM part and subtract the retail price of the aftermarket part to get the amount of extra insurance you need. If the result is a positive value, you don't need any extra insurance cause its covered by the OEM part cost (which is the base price of your insurance). But if the result is a negative value, you need to get that covered with extra insurance.
So for example, in my case, I have a SERT, SE A/C and Python Staggered pipes. Took off the OEM A/C and pipes and replaced them with the Pythons and SE A/C so they are considered replacement parts. No need to insure the SERT, its not attached to the bike and my map is on my computer. In my case the cost of the OEM parts is actually higher then that of the aftermarket parts, so I didn't have to apply for any extra insurance. Just cover what the bike was worth when I bought it. Same goes for when I get new handlebars, hand controls, seat, foot pegs, fuel/clutch/oil/brake lines etc. They are replacement, not add-ons. If/when I add saddlebags, then they are add-ons and I'll have to get them covered with extra insurance.
Of course, check with your insurance company on what their policy is before adjusting your insurance... Also good to tell them what aftermarket parts you have installed just in case...
Enjoy...
Same, same. So far I've been lucky in that she has no idea what the stuff costs. She did flip out once when I told her what the wheels I would like to have cost and I had to reinforce the fact I was just pricing different stuff. Dread the day she notices they are on the bike.swmnkdinthervr said:Can't say...the OL might read it...the bike would then be for sale...I'd be dead...