29-08-13, 10:37 PM
I'm assuming you're fully comp and claiming off your own insurance, if so then whatever value you decide to settle with your insurance company the bike then becomes their property,
I'd aim to try and get £2000 after your excess, I bought my '03 with 12000 miles for £1750, so essentially that's the roundabout market value!
After you've agreed a price you can ask them if they have a price for you to buy it back off them, which tends to be pretty cheap, but do you really want to spend money on a knackered bike when you now have the money to replace it for an unmolested one?
If you are looking at getting the bike back without claiming on your insurance the insurance company will charge you whatever the charges were for picking the bike up and any storage charges if they have been incurred, not forgetting that now you have informed them of the accident it will be on record and have to be declared in the future which will affect your premium. Now that you have told them you're better off going through the whole claim process!
I've had cat c and cat d damage classed payouts and never been told to have the bike inspected before going back on the road.
I'd aim to try and get £2000 after your excess, I bought my '03 with 12000 miles for £1750, so essentially that's the roundabout market value!
After you've agreed a price you can ask them if they have a price for you to buy it back off them, which tends to be pretty cheap, but do you really want to spend money on a knackered bike when you now have the money to replace it for an unmolested one?
If you are looking at getting the bike back without claiming on your insurance the insurance company will charge you whatever the charges were for picking the bike up and any storage charges if they have been incurred, not forgetting that now you have informed them of the accident it will be on record and have to be declared in the future which will affect your premium. Now that you have told them you're better off going through the whole claim process!
I've had cat c and cat d damage classed payouts and never been told to have the bike inspected before going back on the road.
Some say...