Insurance Shocker!
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Re: Insurance Shocker!
Sorry to hear that. I'm not that familiar with a bike's value with that kind of mileage, I could argue it would be hard to sell at over 2k? Of course, to replace it you need more as I suspect there are only lower mileage bikes for sale.
- Steve
Southampton area
DR350, 349, DRZ, 701
Southampton area
DR350, 349, DRZ, 701
- Snaf MKII
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Re: Insurance Shocker!
Did you go to the Financial Ombudsman service with it, the market value is of your bike not necessarily a replacement by the next cheapest one available.redbikejohn wrote: ↑Mon Mar 07, 2022 10:12 pm When my bike was written off last year by a car the insurance would only give me the value of bike taking into account the mileage etc not so called market value of a replacement bike. So cheapest bike on ebay was about 3k but due to me having 116k on bike I got £1800. Still have an ongoing case for uninsured lose/injury etc but so far I'm massively out of pocket despite being blameless.
Hope you get settlement soon for the other bits, I'm going through what I thought was a simple claim of someone driving in to the back of me but it's dragging on a bit. In the meantime I have to declare an unsettled claim on all my other policy renewals, the difference for which is being added to my claim from the third party.
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Re: Insurance Shocker!
When my Triumph tiger 1050 was written off by LV a couple of years ago--the other party's insurance company-(-It wasn't my fault and I had witness statements)--they offered me HALF the market value and the wrecked bike back. I basically told them to "£$ off and took it up with my company. Aviva via CN--they said don't worry, what extras did you have etc (garmin mount and so on), and sent me a cheque for the total--I even got my excess back as I had protection on that--and a no blame register on the event which has therefore not affected my subsequent renewals . I assume that Aviva then claimed money back directly from LV. Don't accept the first offer!