Originally Posted by SteveHall
I've been mulling over this and it's made me speak to my insurance company about my cover and try and answer all the what ifs. Like how do I prove locks were used, it was on when I got the rib so I don't have an invoice etc..
I am now more worried, as I have a 2007 motor and they take the RRP of a replacement and deduct 10% PA for a maximum of 70%. So if mine got stolen working on a £12k replacement value I would only get paid £5740 ish.
So I wouldn't be able to afford a replacement 175 I had stolen....
I'm not convinced that £5740 ( ish) isn't far away from the cost of a seven ish year old 175 etec . Its not a
'new for old' type policy - its the same as your car . You dont get a 2014 model if someone pinches your 2007 model.
Your insurers (should the worse happen - lets hope it doesn't ) should be in a position to take a sensible view of replacement value after applying any 'rule' like this and looking in thier little black book of values.
Anything you have to support a higher 'value' is worth keeping - every bit of paper for service , repair , pictures , other similar engines for sale prices etc will help .
The 'history' of an engine I think would always be of value if you wanted to sell it on in the future....