insurance purposes we at BikeSURE are proud to say that we insure
grey bikes and that we know how to insure them correctly.
We insure grey
bikes based on the year of manufacture. This is confirmed in the
VIN number. We will also ask for the first year of registration.
Grey bikes have
two values something close to what insurers call " betterment
The two values
being .1 the accident repair cost value , which is no different
to the identical SA import and the replacement value , which is
substantially lower than the identical SA import.
This means that
a grey bike must be insured for the same value as its local cousin.
If it has an accident
claim the repair will be done as if it were the real Mccoy but if
it is stolen or written off the settlement will be reduced even
though the bike is insured at full value.
Easy hey! Just