Flux finally came back with a value of £9000 which is £1500 less than i put in for and they said if i'm not happy ill have to get an assessors report to back up my valuation! The joke of it is they wanted me to pay extra for them to do the 'work' to agree the value (even though i'd already paid the extra to cover the guaranteed value) and there was no extra charge for this when i actually renewed last year as i checked the form. As the bike is a 2011, 8500 miles, full stage 2 with about £1500+ of extras on top i reckon that's a low ball figure if the worst was to happen. I did see there's 12-15 MT01's on fleabay at the mo so i assume they are currently not in fashion and i suspect their 'work' was to look at fleabay & bike trader.
One issue is not so much the Guaranteed Value, but actually getting cover because of the extra's. I've got my IAM Advanced Certificate for the bike and their insurer (Surety) call me up every year and then back off once i get about 4 items into the A4 list of add-ons!
To add to the comedy value of Flux, they also have my car insurance and when i got a quote for a new car they picked £850 out of the air. A quick Meerkat check has equivalent insurance starting from £400.
Bye Bye Flux...
B-)
