Motorcycle Insurance Payouts

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Em_5ive

Well-known member
Out of curiosity, if my motorcycle is stolen and I have full comprehensive coverage, are payouts based on market value or purchase price declaration at MTO?

Thanks.
 
Market value.
 
Anyone know what the market value is based on? Is there a secret book insurers refer to?
 
AF4iK said:
Anyone know what the market value is based on? Is there a secret book insurers refer to?
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Kijiji, AutoTrader.....

I know SF estimates on the high side as they offered me about $800 more than I paid for the bike.
 
You can definitely argue what the 'market value' is with them if they give you a quote that sounds low by bringing in a bunch of ads of similar bikes.
 
bboySushi said:
You can definitely argue what the 'market value' is with them if they give you a quote that sounds low by bringing in a bunch of ads of similar bikes.
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The one time you actually like the way overpriced Toronto motorcycles
 
jeffjones said:
Kijiji, AutoTrader.....

I know SF estimates on the high side as they offered me about $800 more than I paid for the bike.
Click to expand...

That's all huh? Damn, used market must've been jacked up when I got my payout cause they gave me $2,500 more than I paid! They said it's because the bike had low kms.
 
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