Insurance write off - some help?

[crazybigal]

So my insurance paperwork states: Total Loss.

What does total loss mean in regards to insurance?

it means it not economic to fix it! so they write it off.

[crazybigal]

Hey guys,

Mean forum you got going here. I am in need of some information.

So i had an 08 RS125 that was declared a write off by my insurance company. In turn they replaced the bike after i paid my premium. The bike has since appeared on TradeMe being sold as used but in repairable condition. There is no mention of the bike being written off. It still has my plates and my modifications on there.

I was worried as i thought i had to sign forms saying the bike is no longer mine however i have received nothing in the mail or heard anything from my insurance company. I bought the carjam report which states that this other company has now registered the bike using my plate. Do i not own that plate still as i haven't signed any forms?

The seller has stated nothing on the auction so would be buyers are actually unaware of the internal damage that once cannot see from the offset. I thought the seller had to declare it was an ex insurance write off?

If anyone can shed some light on this it would be most appreciated.

Btw: the auction has 2hrs to go and is on $2,700

Thanks
Rhys.

The seller does not need to declare anything. its a write of because it is too expensive for the insurance company to fix. write off does not mean its not roadworthy. as far as transfer of title, there is a form you would need to fill out and sign, this puts the ownership in the hands of the insurance company, its a legal contract of sorts.
I wrote my bike off and they sold it with the plates still on it. its not normally practice but there was no structural damage to the bike.
if a bike is de reged by an insurance company they have to state why. if they put damaged on the de reg form then when a new owner try's to re vin and reg they must have a report done by a qualified engineer who will inspect the frame and forks (or he will send it to a bike shop to do) this all cost $$$ so if an insurance company can sell a bike that could be repaired economically by someone using second hand parts they will get more $$$ for it than a damaged de reged bike.

[nonplussed]

You're right, the seller is not obliged to disclose anything. Even if they know the engine is munted or the forks are bent it's buyer beware as far as i'm aware. They are obliged to answer questions honestly though, and not advertise something as straight when it isn't.
Trademe relies on people being honest in their descriptions for all the punters that live far away that can't get to view the item.
Does anyone know any history on that BMW he's got on at the moment? apparently the motor is toast? A friend of my brothers did the inspection and said it rattles. What did he pay for it at turners?

[MarkH]

Is this it?

http://www.trademe.co.nz/Trade-Me-Mo...-320877160.htm

People selling vehicles that an insurance company has financially written off is all fine by me. But reading the questions on this auction I have to wonder WTF is up with: "Viewing is on the last day of auction by prior arrangement only, between 9am - 5pm as the bike is in storage"

WTF!
The dipshit puts up a damaged bike for auction and then expects all bidders to be bidding without any option to inspect the bike. The bike was available to be photographed for the auction - why not keep it available for inspections?

Overall it looks like the buyer got a good deal though. It would have cost the insurance company heaps to pay for all new fairings, but if the buyer was happy to accept a bit of plastic welding or whatever and pay less than half the new price for the bike then he is doing quite well on the deal.