I put the value of my 1997 GL1500a at $12 500, mainly because one insurer would not touch me unless it had a value of between $11 000, and $14 000, so I picked a happy medium of the $12 500. This was AAMI who wanted close to $500/year, so I put them on the back burner. But their site will tell you how much you can insure for, and the other insurers have not blinked at the amount
I then inquired of both Swann Insurance, and Shannons. I mentioned to both the same set of responses throughout, and one came back with $240/year, and the other is $350/year. Before I went to either, I mentioned that I may trike the GW in the future, and/or put a car tyre on the back. One of them said they would not insure me with either of those 'modifications'. The other could understand why you would to have the load bearing of a CT on a mc of that much weight. The one that was happy with the CT, also said that they would also insure the trike, as long as it met engineering and safety requirements.
So it look like I will be paying Shannons their $350, divided into 12 monthly payments, and being relaxed about the insurance.
They also did say, and it is on their Product Disclosure Sheet (PDS) that riding gear upto $3 000 for owner, and $1 500 for a pillion's personal gear is included. I can pick my repairer, and there are options for buying back the salvage if it is written off by them.
Just thought I would let you know what I have found. The some of the parameters that they are interested in are:
- Post code;
Where it will be parked (locked garage, car port, on the street, etc);
How long had I been riding (more than 5 years, is the answer);
What sort of bikes had I ridden, (they were trying to work out if I could handle it);
Do I belong to a "club", (I did mention GoldwingDocs - well it is better than a club);
All in all, Shannons were willing to discuss any items that I raised, and their quote is being sent to me with the items that I have mentioned included in the documentation. So for $30/month, my GW is comprehensively insured. Not the cheapest, but it covers what I want covered.