Insurance or accept cash to repair it myself?

[BBROWN1664]

Unusual for a good offer first time round. Is it inline with teh going rate for a repalcement though based on the adverts on-line?

[Robbie8666]

SpokesT I'd go and buy an euro millions ticket for tonight's £72m draw!! :lol

[darrsi]

You could buy another bike with that money  :lol
Nice result, i wasn't expecting that one.  :thumbup

[mtread]

Haggle, there's £87 at stake here  :lol

[agricola]

Is that £1,400 write off value, and then you have to buy it back. If it is, you need to find out the buy back cost now

[fazersharp]

Nice try but I have sussed you mate -------- you work for the insurance image department and this has all been a rouse to lead us to a good insurance publicity image stunt.

[SpokesT]

I'm still reeling in shock from this. At the quoted prices, I can buy a new, painted and stickered fairing and tank if need be, and still have around £600 left to buy bars, clutch lever, bar ends etc, all of which I can get as pattern parts or eg Renthal which I hear are better angled than the originals. No impact on my bike's status, or my no claims. Vehicular negativity never works in my favour usually, hence all my previous questions, the answers to which once again I thank you all for.

[Slaninar]

Glad to hear you got a fair compensation. Pics when you finish the repairs!

[steve 10562cc]

Good for you Spokes repair and enjoy. Really nice to hear of a rider coming out on top for once in a no blame on them collision.

[BBROWN1664]

Be careful - make sure they dont record it as a Cat-C. If they do, which they are entitled to, teh value will drop so anythign you spend on the bike gettign it back into shape will be money you lose effectively when you go to resell it.

[SpokesT]

They've told me it won't affect the status of either my bike or my no claims

[Tefer]

So your getting £1400 and its not written off? Well done if that's the case.


My 99 fzs600 was knocked over by a driver while stationary in a car park, she asked about paying the damage. I gave her a list of what was needed, was only about £400, she decided to go via insurance, which i found weird but i was getting bike fixed, so happy. Well the insurance ended up writting the bike off, i was offered £1600 or £1278 and keep the bike, thought i'd won a watch. Went to Europe, repaired the bike and got a shed.... Only now do i realise how its not all a plain as you think. I have to declare the accident, ok as a non fault but it has to be declared and this has affected my insurance for both bike and other policies, this could be bad luck on my part or the true picture. I was added to my Partners brothers van insurance, he asked all my details and i had to supply the claim info, he said with out the claim his policy went up £30 a year... with the claim it was up £80 a year. Just because it all looks well just now, it could change the future.

[NorthWestern]

I had the same as Tefer.  My no claims was unnafected but for 5 years (for me this period ended a couple of years ago) I had an inflated insurance for simply being in an insurance claim (no claim made against myself it was all the other parties fault).  You can actually check this by ticking the box on compare the market - it is something like "been involved in an accident in last 5 years even if not your fault" - and compare with and without to see how much it will affect you.


I found that the insurance companies wouldn't budge each year after calling them directly...

[BBROWN1664]

:agree

My Mrs has had no-fault claims and my insurance went up as a result as she is a named driver

[BBROWN1664]

The line the insurance company takes is that as it was not your fault, they wont reduce your discount (no-claims) but as you were aft enough to be in the place you were to get hit by someone else you are obviously a higher risk as you might do it again so load your premium.

Barstewards

[Slaninar]

The line the insurance company takes is that as it was not your fault, they wont reduce your discount (no-claims) but as you were aft enough to be in the place you were to get hit by someone else you are obviously a higher risk as you might do it again so load your premium.

Barstewards

Not the policy in my country, but, from my knowledge and experience, it does make some sense. A good driver/rider is one who is aware of other people's mistakes and avoids an accident. Riding bicycle in my city, I could get hit by a car every day, without it being my fault.

Would lots of such riders make drives more careful? Probably.
Would they quickly drain insurance companies' funds? Definitely.

[BBROWN1664]

Sounds like your insurance companies are not just in it for the money. Over here, they see drivers/riders as cash cows. Insurance is mandatory for all drivers/riders so they charge a fortune for it. Any excuse they can make up for increasing what the charge is used.
At renewal time, if you dont check, they will routinely hike up the premium in the hope you will just automatically renew without checking elsewhere. Almost all teh time you can get a quote from your existing company for significantly less than they offered you,as a loyal customer, to stay with them in the first place. Barstewards.