An unwanted upgrade opportunity

[Flatline]

So the insurance company have had the bike collected

Problem is, the guy who collected it started the engine!

It would appear the insurance company don't bother telling them not to start engines!

Insurance now informed that the engine could be knackered

Gonna be at least 2 weeks without a bike

[Pete.L]

The plonker!
I hope you shouted at him to switch it off. How big is the hole in the casing, do you think any gravel could have got in?

[budd]

sorry to hear about this Phil, and as others have said main thing is your OK, I think you need another bike that one liked to throw itself down the road to much as evidenced by all the battle scars it had, and maybe you should consider changing your forum name to 'Falloff Phil' (sorry couldn't help myself)

If I can help with anything you know where I am.

[TheGingerBeardMan]

consider changing your forum name to 'Falloff Phil'

Isn't falloffphil a middle eastern fried food?

[Flatline]

How dare you! How very dare you!

[budd]

[VTRDark]

Very good no not the off, that's bad but I am glad you haven't broken bones flattie. It's sh1t to hear when someone has an off. I guess we all know how it feels.

(:-})

[Flatline]

Just been told I will get the settlement figure this afternoon

So what stupid price do you think?

1998, 21k

[AMCQ46]

Just been told I will get the settlement figure this afternoon

So what stupid price do you think?

1998, 21k

is that with buy back of the salvage?

£1300 w2ithout salvage, 900 with

[popkat]

go on ebay and add up the price of similar bikes, you should be able to gather about 10-15 then divide the total price by the amount of bikes to give you an average price, if they offer you less you have evidence it's worth more, the way prices are on ebay at the moment you could do ok. If they offer more than you thought it'd be worth straight out then take it.. Don't have the bike back though as once the salvage company has had them it won't be the same, they take no care loading them and often pull them off with a fork lift and just throw them in a corner or thrash them round their yard for fun, had bikes taken from my work and this is what more than one driver has told me..

If you wanted to keep the bike to repair you should never have let them take it, it's your bike and they have no right, you have to be firm with them and stand your ground.

[MacV2]

go on ebay and add up the price of similar bikes, you should be able to gather about 10-15 then divide the total price by the amount of bikes to give you an average price, if they offer you less you have evidence it's worth more, the way prices are on ebay at the moment you could do ok. If they offer more than you thought it'd be worth straight out then take it.. Don't have the bike back though as once the salvage company has had them it won't be the same, they take no care loading them and often pull them off with a fork lift and just throw them in a corner or thrash them round their yard for fun, had bikes taken from my work and this is what more than one driver has told me..

If you wanted to keep the bike to repair you should never have let them take it, it's your bike and they have no right, you have to be firm with them and stand your ground.

Oh that will cheer him right up...

Mine never left Tonys garden after the crash until he brought it back to me...Never wheeled the same with them old wheelbarrow wheels on though...I got the salvage for 95 quid IIRC...some silly amount.

[Miztaziggy]

Never take their first offer, it'll be a low ball offer to chance a cheap settlement.

My mate works as a solicitor in a firm that works for direct line. He's moved up into handling the bigger injury claims now, but started on the simple stuff, and he told me that they would offer well under the price they knew the bike was worth as they were targeted with getting it as cheap as possible.

[popkat]

Not always the case, I've had customers that have been offered very generous amounts straight off, more than the bike was worth.. But then have also had some with really over the top buy back prices, these are put on because there's lots of back handers going on in the insurance industry, if they want your bike they'll make it too costly to buy back..

[VTRDark]

Argh Insurance companies making the rules and prices up as they go along again.

Lucky dip anyone

(:-})

[TheGingerBeardMan]

Just been told I will get the settlement figure this afternoon...So what stupid price do you think?

It's hard to say. Depends on who does the valuation? (it'll be an independent assessor, on behalf of the company, and sometimes they have no clue about bikes, so just refer to book prices). So, you have to ask where they get their valuation from? Are they taking the price from the Glasses guide? Do they take 6 bikes from the open market (ebay etc) and get an average.

They have to remember that you cannot replace it with a new bike (like for like) as the bike is no longer made. So, they will take an average figure of a bike same year/mileage as yours, and work on that).

Bear in mind you will have your excess taken off. So, if they offer say, £1000, and you have a £250 compulsory excess, then you'll only get £750.

If you had an agreed value with yer insurance, then that's the exact figure you'll get.

As folk have said here, NEVER accept their first offer, as that's their intention to make it as low as possible. They WILL go higher (maybe only by 200 quid or so, but it's still a better offer)

My guestimate for insurance would be roughly "a flat grand in the hand" (after excess). But hopefully, you'll get offered around £1500, and then have the excess taken off, leaving you with around the £1200 bracket.

I hate dealing with insurance companies. Bit of advice is once the claim is settles, CHANGE yer company and start afresh with someone new. The old company will hammer you with a higher policy, and a new company will be happy to take a new customer, and may offer a discount (despite the recent claim)