Estimate the value of your motorcycle

Why value your motorcycle? Determining the value of your two-wheeler from the start will make it easy for you to sell it at the best price on the market. This is also necessary when taking out insurance, as this estimate will also determine the amount of compensation you can receive in the event of an accident. There are 4 ways to estimate the value of your motorcycle in order to take out insurance:

• The value an expert has to say
• Recovery cost
• Market value
• Catalog value

Want to estimate the value of your motorcycle? Discover our explanations for each of these 4 assessment methods. 

The expert will tell you to estimate the cost of the motorcycle.

The value of an expert is – as the name suggests – provided by an insurance expert... Its role is to evaluate your motorcycle and determine what it is really worth based on several criteria, such as the age of your car, the number of kilometers traveled, the maintenance and repairs already performed, and of course the cost of replacing the motorcycle. on sale. This examination can be carried out long before a natural disaster. It is then used to determine the approved value for the motorcycle. And this can be done after a disaster. Then the goal will be to determine its market value.

Good to know : you can dispute the value to tell the connoisseur of your two wheels. To do this, you just need to contact another expert who will conduct a second opinion.

Estimate the replacement cost of your motorcycle

Officially, the replacement cost of a motorcycle is: "The amount is necessary, but sufficient for the purchase of a car, in all respects identical to the destroyed one or as close as possible to it".

This value is again given by the insurance expert. As stated above, the latter will determine it based on the price of another motorcycle, but which has exactly the same characteristics as the insured motorcycle. To estimate this value, it will be based on the replacement value of the vehicle; from his age; by the years of its circulation and at the same time the number of mileage; and its general condition (maintenance and repairs performed).

Good to know : In the event of an accident, if the cost of repairs exceeds the cost of replacement, the expert will consider your motorcycle "VEI", that is, an economically irreparable vehicle. This means that it will be unprofitable for the insurer to repair it from a financial point of view. Instead, he will offer you compensation for the total loss.

Estimate the market value of the motorcycle.

The market value of a motorcycle is the value it had. before the disaster... Insurance companies use it as a benchmark for compensation when the cost of repairs exceeds the possible value of your motorcycle before damage. And this is in the following two cases:

• The policyholder is liable for damage.
• The person responsible for the damage has not been identified.

Good to know : If the person responsible for the damage is identified, the amount of compensation will be based on the replacement value of the motorcycle and not on its market value.  

Estimate the catalog value of your motorcycle

  The catalog value of the motorcycle corresponds to its new selling price on the market... In other words, the price suggested by the manufacturer in his catalog is used for reference. This value is rarely used by insurers as a benchmark for compensation. Indeed, it is only used if the motorcycle is new or less than a year old.

Good to know : If your car is new, and as a result, it is the latest model, take the time to make sure that the estimated value is really new before you enter into an insurance contract.