|01-24-2013, 03:20 PM||#1|
now in Mt. View, AR
Joined: Nov 2007
Location: Arkansas Ozarks
NADA, please put down the pipe!
Traded a 73 75/5 for a 92 GSPD in 2010. I got the good end of the deal I think. Markel was the only company I could find, after much research, that would write an agreed value policy for the bike. I got an apprasial from Mark at RePsycle back in 2010 on the PD for $5,800. Seemed reasonable.
I'm having some issues with Markel on rates and tried to shop around again today, with little satisfaction. I will continue with Markel for the time being.
The real fly in the pudding here is NADA and their value assesment. All the insurance providers I spoke with today only valued the PD at $1300 for a total loss replacement value. The PD is in the "nebulus" not yet a classic but not a modern bike. Hagarty and othe classic vehicle providers do not offer agreed value on bikes that are not yet 25 yrs old.
NADA is the only way the insurance providers can and will value a motorcycle for a non agreed value policy. The NADA value of these and similar bikes is way off and to me indicated they are not doing their due diligence(sp?) with this and other models.
See NADA posting of the PD below.
My tounge and fingers are not able to express in word how silly this is and what a disservice NADA is to the m/c market when it comes to this and some other bikes.
If any of you feel as strongly as I do please write a note to NADA with your opinion. I did. Link below.
tennessee thumper screwed with this post 01-24-2013 at 03:31 PM
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