Difference between the Bayliss & 1198R Corse or 1198 SP insurance

Chiz

Chiz

Elite Member
Just been playing around with insurance quotes as you have probably read I am struggling to get insurance for the Bayliss.

The Bayliss:- Uninsurable (UNLESS Ducati Insurance saves the day).
Due to the bike value £22K.
But I can get the same "SIMILIAR" bike insured no problem:-
£18K 1198SP:- £483
£18K 1198R Corse:- £483

If I spray the Bayliss Rosso Red nobody will know.
May be worth buying 1198S panels until the value comes down & I can get the Bayliss insured legally. :):):)
 
If I drop my value of the Bayliss from £22 to £18K then I can get cover for £406.
So it all goes down to the value of the bike.
Therefore why the hell does Ducati make them at that price?

Just found out that the quotes are from the insurers I am with now.
Will be interesting to see what they have to say. :)
Drop the value of the bike by £4K & they will give me cover no problem :)
 
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Chiz said:
If I drop my value of the Bayliss from £22 to £18K then I can get cover for £406.
So it all goes down to the value of the bike.
Therefore why the hell does Ducati make them at that price?

Just found out that the quotes are from the insurers I am with now.
Will be interesting to see what they have to say. :)
Drop the value of the bike by £4K & they will give me cover no problem :)
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The Bayliss is a year older now. Do you think it's still worth £22k? Try trading it in and see what your offered. :eek: What's the market value now? It won't be as much as £22K. Maybe by valuing it at £18K you can get insurance.
 
Derek said:
The Bayliss is a year older now. Do you think it's still worth £22k? Try trading it in and see what your offered. :eek: What's the market value now? It won't be as much as £22K. Maybe by valuing it at £18K you can get insurance.
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It was £24.5K as it was tricked up. Therefore I valued it at £22K this time.
Can get insurance for the Bayliss, an 1199S & an 1199 Tricoloure for £395. AS LONG AS IT DOES NOT BREAK THE £18K THRESHHOLD.
 
Biscuit said:
heres one sub 18k that hasn't been drop tested ;)

Bayliss
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Only 360 miles and comes with a full set of brand new Ducati leathers, gloves + boots as well, yours is probably worth around £16K based on that Chiz.

Print a copy of that ad, declare the value as £17.5K.. problem solved! :)

Still happy to take yours for a thrash look after your bike for you though
 
Chiz, irrespective whats it's insured for, the Insurer will only pay an agreed Market value. They look at what it's worth to a replacement etc and then make an offer based on this. So you need to think carefully on values.
 
Right now (as in last couple of weeks) there are discussions ongoing between government and Insurers on all sorts of subjects involving fraud with whiplash claims and latest is online quotes where people are manipulating information to get cheaper insurance.
Every quote is stored and plan for the immediate future is that anyone found to be running quotes and modifying ages of drivers, postcodes and values etc and then taking out the policy will find the policy cancelled.
In meantime what it means is that in event of a claim this will be looked at any claim potentially rejected.
As mentioned above it comes down to what the value of the bike is. If you can justify £18k (similar bikes for sale at that price, been offered that as a trade in etc) then there is no issue.
If however value should be £22k and there is evidence you have been playing about with values when you took out the policy you may have a problem.
 
239desmo said:
Right now (as in last couple of weeks) there are discussions ongoing between government and Insurers on all sorts of subjects involving fraud with whiplash claims and latest is online quotes where people are manipulating information to get cheaper insurance.
Every quote is stored and plan for the immediate future is that anyone found to be running quotes and modifying ages of drivers, postcodes and values etc and then taking out the policy will find the policy cancelled.
In meantime what it means is that in event of a claim this will be looked at any claim potentially rejected.
As mentioned above it comes down to what the value of the bike is. If you can justify £18k (similar bikes for sale at that price, been offered that as a trade in etc) then there is no issue.
If however value should be £22k and there is evidence you have been playing about with values when you took out the policy you may have a problem.
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PM sent, but it is interesting. THere are various options you can go down. There are Bayliss sitting at £17K with 1500 miles on the clock.
Also if you go on one site you get a quote of £525 , but go on another site & you get the same cover with the same insure for £395. FIGURE!!!
I assume someone is taking the hit on their broker % so that is why it is lower.
Again I still have Ducati Insurance to come back to me so hopefully they will come up trumps.
They were great last year when I had my wee slide dooooon the road. No issues there :)
 
239desmo said:
Every quote is stored and plan for the immediate future is that anyone found to be running quotes and modifying ages of drivers, postcodes and values etc and then taking out the policy will find the policy cancelled.
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Which is exactly why I always use a different name and ever so slightly different address when I do this! ;)

On a side note - there are plenty of legitimate reasons for running different postcodes, vehicles and drivers (although not driver's ages) so unless the insurance industry wants to find itself contravening laws (again!) they need to tread rather carefully. Sounds to me like a another "wanting their cake and eating it" scenario for insurers. They like the cheapness of internet-fronted quoting systems, but they don't like the power it gives customers. Tough!

As for values, valuation of used vehicles is surely a matter of opinion. That is certainly the case if you ever need to make a claim for total loss due to theft. All the evidence in the world about how much your make / model / aged vehicle is selling for can be dutifully ignored by the loss adjuster... :rolleyes:
 
Did a computer check:-
Retail value of an average 2009 Bayliss :- 20-21.5K
Private:- 19.9K
Trade in clean:- 17K

AVERAGE WOULD BE :- £18K

So will probably go with this estimation & hope I stay upright.
I've always got all the standard Ducati parts to throw on the Bayliss IF REQUIRED :)
Exhausts,ECU,seat, etc etc.
May need cheap panels for tracknights though:)

You can jiggle figures about, but the bottom line is I NEED MA BIKE INSURED
 
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Biscuit said:
heres one sub 18k that hasn't been drop tested ;)

Bayliss
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I wonder if that's the one that was in a showroom in Wales for ages. Someone from SDC initially put a deposit on it then didn'y buy - but didn't get deposit back. I know it moved dealers on more than one occasion.
 
Hi Chiz
Have been watching this with interest as with last year, your correct in saying that you have to go with market value or slightly above, and when it, or if it comes to a total loss situation you just have to argue the toss with the insurer on that day.

Stu is correct in saying that insurers are looking at other ways to check people out, in fact FJ sent me a letter to that effect yesterday, which is nothing to fear really if your on the straight and narrow.

As a footnote I wish you well.

Scott

PS Just looked at my FJ schedule Bayliss is on at £24k wether I would get that is another matter.
 
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Chiz said:
Tried both & I cannot get insurance on them. If they were £18K I could.
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What I was getting at Chiz is that the 1098R / Bayliss was a special edition and a relative rarity. The Panigale S & Tricolore are likely to sell in much higher numbers, so the problem of an £18k "ceiling" will become more acute. There will be quite a few in the same boat as you this time next year...
 
miloVanMultistrada said:
What I was getting at Chiz is that the 1098R / Bayliss was a special edition and a relative rarity. The Panigale S & Tricolore are likely to sell in much higher numbers, so the problem of an £18k "ceiling" will become more acute. There will be quite a few in the same boat as you this time next year...
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I know. Someone on the site is selling a Bayliss for a Tricoloure as the insurance on a production bike may be easier to find. Even at £23.5 K.
That will be interesting reading :)
 
Chiz said:
I saw this when I was looking around.
It is just the basic bike with the Termis.
Ive got every DP bit of shiney, shiney, on mine, but will just need to take the hit on the shiney,shiney & insure it as a Bayliss + Termi exhaust system.
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It is being sold by a dealer though...

If I was you I'd take a lot of the shiny shiny off and flog some of it - might be better spending the money on bits for the Superlight.
 
miloVanMultistrada said:
It is being sold by a dealer though...

If I was you I'd take a lot of the shiny shiny off and flog some of it - might be better spending the money on bits for the Superlight.
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The Superlight is running & I just need a warm day to put all the seat unit, fairing & all the wee bits back together.
Roll on the warmer weather so I can sit out & put it all togetrher.
 
Chiz said:
The Superlight is running & I just need a warm day to put all the seat unit, fairing & all the wee bits back together.
Roll on the warmer weather so I can sit out & put it all togetrher.
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Remember Miles. The standard shiney shiney on the Bayliss is MEGA. The tail section is £3-4K as it is hand preped carbon. YIKS!!!!
 
miloVanMultistrada said:
Which is exactly why I always use a different name and ever so slightly different address when I do this! ;)

On a side note - there are plenty of legitimate reasons for running different postcodes, vehicles and drivers (although not driver's ages) so unless the insurance industry wants to find itself contravening laws (again!) they need to tread rather carefully. Sounds to me like a another "wanting their cake and eating it" scenario for insurers. They like the cheapness of internet-fronted quoting systems, but they don't like the power it gives customers. Tough!

As for values, valuation of used vehicles is surely a matter of opinion. That is certainly the case if you ever need to make a claim for total loss due to theft. All the evidence in the world about how much your make / model / aged vehicle is selling for can be dutifully ignored by the loss adjuster... :rolleyes:
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Scott888 is dead right.
Tell the truth, no conscience to worry about and therefore no hassles if you claim.

Sorry but filling in different occupations, addresses , ages etc to what is actually the case is fraud. No more no less.
Anyone doing that becomes uninsured and society will not accept that now and I have no sympathy when they come unstuck.

Whole debate about costs of internet based systems is not that simple by a long way and several Insurers are pulling out from them for various reasons. Cost was NOT the main reason for them being there though.

Not sure how you arrive at the comment about loss adjuster ignoring evidence of value at time of a claim.
I have seen hundreds ( maybe thousands) of claims in my time and I don't recognise that scenario.
Invariably the problems I have seen are down to someone with an unrealistic expectation of the value of the vehicle unwilling to accept the fact. (ask Martin at DG how often people expect more for their bike at trade in than the true value is...no difference)
In every case where I have seen a dispute which is down to difference in value, in every case where evidence of the correct market value has been put to the assessor that value has been accepted. Over the years I have probably done this 40 or 50 times.
 
239desmo said:
Scott888 is dead right.
Tell the truth, no conscience to worry about and therefore no hassles if you claim.

Sorry but filling in different addresses...
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Have you ever moved house? Garaged a bike away from your house? Decided to move some crap out of the garage and move your bike in if the reduction in insurance is worth it.

Likewise, you might want to work out if getting additional security / riding qualifications / etc is worth it.

Adding/removing additional drivers is another perfectly legitimate thing to look at when insuring.

Is this fraud?

Not sure how you arrive at the comment about loss adjuster ignoring evidence of value at time of a claim.
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Personal experience. My father's 2 week old car getting stolen and his derisory initial offers and fairly derisory final offer, and my own (hardly ridden and immaculate) bike being stolen from my parking space in London.

In both cases the insurance company pay out was such that it was not possible to purchase an equivalent vehicle either privately or through a dealer without adding extra money ourselves.

I'm slightly confused by your talk about trade in values vs insurance values? Are you suggesting that you insure a bike for the cost you'd need to pay to buy it, but the insurance company only pays out the trade-in value? Clearly trade values are always lower that private or retail values as the dealer wants to make some profit.
 
The facts are that Chiz's bike has spent more time on its side than upright so its market value is probably only worth about £4000. Stick that down on the form mate, you wont be far wrong! :D
 
I had my 2year old Capri 280 stolen many years ago. The first offer was ridiculous and I involved the Capri owners club to verify that it was a limited edition. I also got a letter form Ford stating that this model would never be built again.

The hassling was bad enough but the inquisition I had to go through was worse. I then realised they had someone tailing me as they seemed to think I had stolen the car myself. I gathered photographic evidence with the help of a friend and went to the police. The company claimed no knowledge but paid the full price very quickly after that.

On the other hand when my husband wrote off my first Superlight, and himself, the insurance company paid up straight away.

I've always been honest on forms but am a bit concerned about the idea of stickers making insurance null and void. Or is that just one company?
 
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