(17-02-15, 04:44 PM)rustyrider link Wrote:The way insurance companies work, a cracked fairing would probably make it a total loss. They look at the price of the parts (brand new, dealers list price) the cost of the labour to fit it and any paintwork that might be needed. You can soon rack up a huge bill working it out like that when they compare it with the trade value of the bike. Get a list of the damage from the dealers that assessed it and then tell the insurers you want to buy the salvage. They will pay you the value of the bike, or something close, less a couple of hundred at most which will be what they value the remains at. You then hunt around eBay and ask on here to get the bits that need replacing, buy them secondhand, fit them and with what's left over pay for your trip to Scotland.
That's how to do it mate. Had an accident on my faired 600 hornet a few years back, bike valued at £2k, repair costs quoted at around £1800, so they wrote it off. Bought it back for £300, cost me about £250 for the bodywork to be repaired and resprayed, maybe £50 for brake levers, bars, and a mirror, and then used a lump of the remaining £1,400 odd to buy a steering damper, Nitron shock, upgraded the forks and calipers, and generally pimped it!
Ended up with a much better specced bike, in custom colours, and a good few hundred quid left over towards uni!
just do the math for me again please, is this right, they value at £2000, thats what you would of got, but instead they sell you the salvage for £300 so they actually give you £1700 and the bike.
But what about any future insurance as it is now classed as a write off
I don't do rain or threat there of. dry rider only with no shame.
The guy at the garage was suggesting I would not be allowed to get the salvage. Other problem is it needs ALOT of wort. New downpipes, new radiator, something to to with the exhaust, and something about cylinders. Since I know nothing about motorcycle mechanics, I would be useless. Plus I leave for scotland on thursday.....
I dont want to but she has to be replaced 
(17-02-15, 05:40 PM)fazersharp link Wrote:But what about any future insurance as it is now classed as a write off Also wondered about this? I'm guessing it would have to go to a garage to be checked over?
Any one know what happens with my own insurance? Do they refund me the remaining months? Would ask them but they charge per minuite and are "apparently" always busy leaving you on hold for 10 mins...
17-02-15, 07:33 PM
(This post was last modified: 17-02-15, 07:48 PM by Gnasher.)
(17-02-15, 05:40 PM)fazersharp link Wrote:just do the math for me again please, is this right, they value at £2000, thats what you would of got, but instead they sell you the salvage for £300 so they actually give you £1700 and the bike.
But what about any future insurance as it is now classed as a write off
Matey they claim the value back from the other insurance if there's a third party at fault and you would not be loaded for next year, if it was your fault and you were fully comp your insurance company would have to pay and it would go against you next year.
It's not up to the stealer who's gets the opportunity to buy it back, some will try and tell you, you can't and buy it themselves to either sell on as a repairable or repair and sell themselves. Harder to do these days as insurance companies use a preferred stealer/company to off load there beyond repair bikes. If you want it tell your insurance company that you do. Providing it's just a beyond economical repair, as there're different categories go here http://www.rac.co.uk/community/blog/rac-...-write-off if you want to know more, I'd say this one looks like a D.
They will just deduct whatever price you agree to pay for it out of the write off value. e.g. bike valued @ £2000, scrap value to you £300 they pay you £1700.
Don’t just except what they ask for either, make sure you do your home work what actually needs replacing and under cut their first 2 offers. Stealers/insurance inspectors can and will put down a replacement part when it doesn’t really need it i.e. old damage, just a scratch etc. It is possible to get a stealer to deliberately write a bike off or rather ensure it does get written off or the other way around, strictly not legal but it happens. It's all a bit of a rip off really some stealers repair so many damaged bikes the insurance inspectors don’t even look at the bikes they just take the stealers word for it and some of these so called inspectors don't even know what they're really looking at!
Also it's not been unknown for a stealer to write off a bike by putting on damaged parts from another bike without the owners knowledge to get a bike written off so they can then buy it to sell on at a huge profit, this sort of thing is rare but happens to new sort after or rare bikes and it's totally illegal.
Later
(17-02-15, 06:39 PM)youngsterbiker link Wrote:Any one know what happens with my own insurance? Do they refund me the remaining months? Some will refund, others will charge you for the full year and then cancel the policy, it depends on the company. If you buy the remains back, insuring it later may be a problem depending on what category they give. If it's a Cat C, some insurers won't touch it but others will expect it to have a new MoT to confirm it is OK. Cat D and most will insure it as that usually applies to cosmetic damage only (I've seen Cat D cars that have been stolen and recovered and all they need is a set of locks, but have been written off due to the costs of supplying the owner with a hire car, etc). If you buy it off them they may not even register it as having been damaged so it won't have anything shown against it.
We're missing another thing here for our dear youngster- remember to claim for the slightest damage to any clothing you were wearing and your helmet and gloves, remember, this is an accident that was not your fault and it is 100% reasonable for you to get money for any equipment that has been damaged due to this stupid cows negligence!
Some say...
Plus the hire/use of alternative transport up until you get the pay off. Assuming the bike was your only transport, for work etc.
re. your insurance, you have a short time to transfer to another bike, not sure how short the time is but, I bought another bike 6 weeks after mine was wrote off (and before I had been paid out) so had to start again, lost 4 months insurance, plus loss of no claims bonus (the no claims I got back and the extra I paid on 2 years insurance) but I didn't get the 4 months insurance back but I had fogot to ask about it? after they drag things out for well over a year you tend to forget things.
update: Been offered 2000 told them to add a couple more hundred.... god i hate insurance.
25-02-15, 09:49 PM
(This post was last modified: 25-02-15, 09:58 PM by AndyL.)
I never managed to get my 125 fixed (only a bent disk but that's about £200 with fitting to a £300 bike) in the end I just gave up. (ebay and a helpful brother got is sorted for next to nothing)
Keep a not of any doctor visits as well as adding the cost of any gear to your claim.
so a new bike has been ordered. 2000 fzs "boxeye" cheque is in the post.
finally will be back on 2 wheels
(13-02-15, 11:07 PM)youngsterbiker link Wrote: I just want the bike to be fixed and me sent on my way.
I know it needs to be looked into, but with 3 witness statements + the fact i had a green light should make it easy right?
I am starting to hate the world more and more each day...
Welcome to the real world, my last SMIDSY, I ended up contacting the idiots insurance company myself and was eventually paid within 6 months. A right pain it the Foccing Arse
Have you not learned the rules of the road in relation to traffic lights yet.
Red Stop if you can after the 3rd four wheel vehicle goes through
Orange go Faster
Green Wait until the 4th or 5th 4 wheel vehicle stops before proceeding
(07-03-15, 01:18 AM)unfazed link Wrote: [quote author=youngsterbiker link=topic=15955.msg183471#msg183471 date=1423865264]
I just want the bike to be fixed and me sent on my way.
I know it needs to be looked into, but with 3 witness statements + the fact i had a green light should make it easy right?
I am starting to hate the world more and more each day...
Welcome to the real world, my last SMIDSY, I ended up contacting the idiots insurance company myself and was eventually paid within 6 months. A right pain it the Foccing Arse
Have you not learned the rules of the road in relation to traffic lights yet.
Red Stop if you can after the 3rd four wheel vehicle goes through
Orange go Faster
Green Wait until the 4th or 5th 4 wheel vehicle stops before proceeding
[/quote]
Near my work that would mean you'd get hit by the 6th or 7th red light jumper! :\
More people are born because of alcohol than will ever die from it.
(07-03-15, 01:18 AM)unfazed link Wrote: [quote author=youngsterbiker link=topic=15955.msg183471#msg183471 date=1423865264]
I just want the bike to be fixed and me sent on my way.
I know it needs to be looked into, but with 3 witness statements + the fact i had a green light should make it easy right?
I am starting to hate the world more and more each day...
Welcome to the real world, my last SMIDSY, I ended up contacting the idiots insurance company myself and was eventually paid within 6 months. A right pain it the Foccing Arse
Have you not learned the rules of the road in relation to traffic lights yet.
Red Stop if you can after the 3rd four wheel vehicle goes through
Orange go Faster
Green Wait until the 4th or 5th 4 wheel vehicle stops before proceeding
[/quote]
When i called my insurance a week after the accident I asked what they were doing about it. They said they were waiting for a call from the other party.
After I asked them why I was paying them 500 quid a year to do foc all, I did the research and have done all the leg work myself. To this day i have had nothing from my own insurer.
question is, why do i pay so much for them to do absolutely nothing?
Damn this world.
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