The Insurance & the Bike from Hell!

[Ramius]

It looks like Satan's bike has now met its match and is officially to be written off by the other Satanic group, the insurance company. Had AMI call to say, yes we will make you a cash offer of $4750 for it as we have valued it at $5300 and you paid $6000. I said, yes, whatever, just take it away and burn it. I then explained all the woes of the bike and for the first time ever I heard an insurance person swear, she said, "oh shit, time to destroy it" :yeah:

Allegedly the repair bill for the bike was just over $8200 :angry2:

Go AMI & REST IN PIECES YOU GSX POS :ar15:

[Sniper]

Cool, not really

[Blakamin]

fuck I hate that... "you paid 6 so we'll give ya less than 5... even tho you've been paying insurance for 6"
probably why they hate Ducatis.... lack of "depreciation"

[StoneChucker]

Thats atleast some "good" news. I have no idea how something that costs $6000 can cost $8000+ to repair??????

Also, I love their offer. You can't replace the bike with what they are giving you, so what the F*** is the point of insuring something for replacement value? F***en con-artists. There are SO many clauses, with fine print designed to SCREW you, and make them the most amount of money possible.

Atleast you have some closure :niceone:

[Ramius]

Thats atleast some "good" news. I have no idea how something that costs $6000 can cost $8000+ to repair??????

Also, I love their offer. You can't replace the bike with what they are giving you, so what the F*** is the point of insuring something for replacement value? F***en con-artists. There are SO many clauses, with fine print designed to SCREW you, and make them the most amount of money possible.

Atleast you have some closure :niceone:

Yeah, it is sort of hard to understand, but maybe there was structural issues with it? Insured for market value and allegedly it is worth 5.3k Oh well. They only got $234 in premiums from me, so in that respect, I am not worried at all about what I am getting, even though I am losing quite a bit on what I paid, I just want it gone now....

[White trash]

Don't have a biggy on the Yamaha, Dave. You can easily do over $30Ks damage to a Jap superbike.

[Hitcher]

I have no idea how something that costs $6000 can cost $8000+ to repair?
Like cars, but more so, the whole of a motorcycle is worth less than the sum of its parts. Then add labour, stir with an insurance assessor and, voila, a write off!

The cost of repairing Mrs H's Marauder was about $9,300. Could have been done for less if she had been prepared to put up with some graunched bits...

[bear]

So what bike is next on the cards? (How are you going to put that insurance money to good use?)

[カワサキキド]

This must be the first bit of good news you have posted! :banana:

[vifferman]

Ifit was value at $5300 dollars why wore they only give you $4750 dolars ?

[MSTRS]

Ifit was value at $5300 dollars why wore they only give you $4750 dolars ?
Because they are acting as a private buyer would. You'd pay/offer $4750 on a bike advertised at $5300, wouldn't you??

[vifferman]

Because they are acting as a private buyer would. You'd pay/offer $4750 on a bike advertised at $5300, wouldn't you??
no iwoodnt becase I donot have $4750.

[bear]

Ifit was value at $5300 dollars why wore they only give you $4750 dolars ?

Excess? (possibly)

[Ramius]

Excess? (possibly)

Very right sir. I have a $900 excess, but they are not making me pay (in some ways) the full amount of the excess... :spudguita

[Funkyfly]

the insurance company normally just takes the word of the bike shop who's pricing everything up to fix.

When i crashed my GSXR k2 they said it was only worth $4000 as a wreck! Due to this low value it was touch and go if they would repair it or write it off.

I kicked up a big stink and said if they were to repair it then it would have to be perfect and if it wasnt they would know about it! (it was mint before the crash)

anyway they decided they didnt want to deal with me on an ongoing basis and wrote it off.

The bike shop that said it was only worth $4,000 then put in a tender for over $5,500 for the wreck!

Thats just plain rude, at least they didnt get it, it was sold to another guy for just over $6,000!

My guess is they lowered the valuse of the wreck so it would make fixing it a more viable option and they would have some work.

[T.I.E]

insured my 94 cbr for about $7k and insurance is about 1k a year how do i get that down? besides not falling off?

[Ramius]

the insurance company normally just takes the word of the bike shop who's pricing everything up to fix.

When i crashed my GSXR k2 they said it was only worth $4000 as a wreck! Due to this low value it was touch and go if they would repair it or write it off.

I kicked up a big stink and said if they were to repair it then it would have to be perfect and if it wasnt they would know about it! (it was mint before the crash)

anyway they decided they didnt want to deal with me on an ongoing basis and wrote it off.

The bike shop that said it was only worth $4,000 then put in a tender for over $5,500 for the wreck!

Thats just plain rude, at least they didnt get it, it was sold to another guy for just over $6,000!

My guess is they lowered the valuse of the wreck so it would make fixing it a more viable option and they would have some work.


Now, that is just downright dirty and nasty!!! Hate it when I see that sort of crap! :angry2:

[Ramius]

insured my 94 cbr for about $7k and insurance is about 1k a year how do i get that down? besides not falling off?

Sorry to say, but unless you are either over 25 and have a full licence, you are pretty much stuck with it. I was meant to be paying $846 per year.