Weekend hooner
Yes most definitely! They will try to pay out what they believe the bike is worth at the time of the accident. You can do an agreed value policy I believe which involves having the bike assessed every year. For $2K I think that would be too much of a hassle.Originally Posted by GDOBSSOR
My experience is insurance companies ALWAYS dick you around and offer you less than you believe your vehicle is worth!
mad thou rider
Yes the most certainly will try to pay you less.
Its policy to pay out as little as possible if they can wrangle it.
When getting paid out, unless you are lucky, you usually have to take some time and haggle over the payout amount.
Last time I had this happen a few years ago, they offered me peanuts, I argued, then I went and got two other bike shops to do independent valuations (both if which were significantly higher than the insurance payout offer) and went back to them to argue. I eventually got pretty much what I wanted.
If you cant reach an agreement I think it goes to court.
Weekend cruiser
So... Say some idiot crashed into my ginny and totally fucked it up, then drove off? The bike would obviously be worth fuck all AFTER the accident, but it would have been worth around 1500-2000 before the accident, so if they say, "Your bike is only worth $500 now" then what the fuck is the point of comprehensive insurance? I thought the whole point of insurance was so that you could get back on the road with a new or repaired vehicle, with peace of mind in the meantime. I'm obviously missing something big.
"If you think you can do it, or think you can't do it, you're right." - Henry T Ford
Hardcore Biker
With "Agreed value" it should be pretty straight forward. From experience of getting dicked around by Classic Cover and Vero, my hopes aren't high. We'll see and I'll report. I had mine isured for $1800 which is what I paid for it. They might try depreciate it but $1800 is still about market price for a good condition GN...?
"This is not a car."
Forum whore
Well now you have me intrigued Tim.
I shall ring NZTA on Monday and get their opinion on it.
mad thou rider
thats the fun of insurance. They assessor is supposed to look at the bike and figure out its pre-accident value from the wreckage. as mentioned there is the agreed value thing to lessen any headaches, but I guess the reason is that if youve been with your insurance company for ages and ages, then how do they know the state of te vehicle hasnt degraded from brake fluid spills, dings and nicks from wayward carpark trolleys etc etc etd
Oppan Biker Style
Get the stuff you want off the bike ASAP before it's towed away or left at the insurers. Once there, you officially cannot remove anything, the bike is deregistered and you can't have the bike back once it's written off. If you try to buy it back, it may not be worth doing it up. If you're lucky like I was, your contact at the insurance company may let you come by to pick up something, in my case it was the plate for the top box [I'd already taken the top box off].
If it's light damage and you can still ride the bike, see about fixing it yourself and not involve the insurance company if you can, otherwise there's no turnng back and your premium payment for the next year/bike goes up by 100 dollars [in my case anyway] for one year after which if you are accident-free, it will come back down to where it was before.
For my 1992 XJ400, the insurance company decided to write it off only because cost of replacing the fairings would have been too expensive but to their credit, they did pay out the full amount insured minus the whatever-you-call-it deduction.
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Your beliefs don't make you a better person, your behaviour does.
SEVENFUCKINGFIFTY
If it's not already written off you can ask the repairer to do what they can to save it, if it has been written off you could buy it back. If the frame, forks or swingarm are bent/cracked I'd let it be written off though.
L-Plate Rider
Yep, first hand experience, absolutely nothing comes off the bike after insurance company takes hold of it for assessment. I asked a nice lady at the insurance company if I could have my L plate back, (the dealer the insurance company used is on the way to work) and was told, "No, taking any accessories on the bike would change its value!"
Bike went for a wee slide on gravel, scratches on bodywork, couple cracks on the right side fairing where the indicator broke off, missing reflector and bent levers. Other than that, bike was fine. Picked it up, started right back up, rode it back home (~60 km distance wise) everything felt the same as before, although reflection from shop mirrors not as pretty. Assessment came back and it was a write off (6k worth of damage), I couldn't believe it! I asked them for a detailed breakdown, turned out they quoted replacement parts for the entire right side of the bike and it all added up. (did you know the stock muffler of a ninja250 cost $923.14?!) Estimated wreck value was $2500.
I reckon it would have been a great bargain at that price, thought about buying it back myself, fix the compulsory bits and live with the rest of the cosmetic damage. But as it turned out, the insurance company ended up paying me slightly more than I paid for the bike, so I decided not to bother.
Hardcore Biker
I had a similar drop with my Ninja (well documented across a couple of threads on this forum) 5k was the estimate, which was pretty much the whole right side of the bike. Aparantly I just scraped in under the write off cost. And that was from dropping the bike at about walking pace. None of my riding gear was damaged except a small scuff on the shoulder of my dririder jacket but I did snap the right peg and rear brake master cylinder mount.
(I noticed the ridiculous price for a replacement muffler too, and the old one only had tiny scratches the new one actually looks worse now)
I drop my dr650 at least twice as hard as that almost every time I take it trail riding
Sent from my XT535 using Tapatalk 2
Just a Dog
They obviously worked, no ABS there my friend !
I hope you get the suspension sorted on your new bike before you do the same again and think "wow i don't trust any bikes brakes now"
A girlfriend once asked " Why is it you seem to prefer to race, than spend time with me ?"
The answer was simple ! "I'll prolly get bored with racing too, once i've nailed it !"
Bowls can wait !
Hardcore Biker
What would I do to the suspension?
"This is not a car."
Smarty pants... since ages ago
Bikes are written off if repair cost is over a percentage of insured price. The percentage involved is from memory ... not that high. And if second hand parts are used (as opposed to new parts) rebuild wont cost as much. And rego/Re-VIN costs wont come into it. In which case ... withdraw your claim and keep the bike.
When life throws you a curve ... Lean into it ...
Just a Dog
Just so happens i have an ER 5 here, the front is like "wow" bouncy, soft as putty !
How's yours ?
Most dealerships (or small bike shops) would have access to the Racetech program that will work out the standard spring rate + your weight = spring rate change required to stop it bottoming out !
How heavy are ya ? Bet the GN had a soft front end yeah ?
I'm picking i could stand over a standard GN and nearly make it bottom out in the front by heaving down on it ! Add 50 KPH to that then grab a fist full of lever and them forks are gonna go all the way to the stoppers !
Physics experts will step in now with accuracy, but roughly
120 kg of bike
+ 80 kg rider and gear
+ fist full of brake
Then add---- (after first dive of forks)
+ hitting stoppers in the front end
Equates to 180 kg
+ momentum
forced onto 1 1/2 sq " of rubber !
You were owned by a lack of knowledge !
A girlfriend once asked " Why is it you seem to prefer to race, than spend time with me ?"
The answer was simple ! "I'll prolly get bored with racing too, once i've nailed it !"
Bowls can wait !
Just a Dog
Here read this, it may help get you started on that learning curve !
There are other things if (if i remember rightly without going to look in the shed) the front end of the ER5 don't have sufficient compression or rebound dampening (like my HD, You know, 350 kg of bike with 120 kg rider, add a shit front end, travelling way too fast, fist full of brake etc etc), for instance i have put racetech emulators in my forks which allows me to control the flow of oil in the compression side (downward) of it all ! Bad luck with the rebound lol !
Have learnt as much as i can and i think i have done as much as i can without spending a fortune on my standard front end to have it handling the best it will !
Roll on mothers day races !
A girlfriend once asked " Why is it you seem to prefer to race, than spend time with me ?"
The answer was simple ! "I'll prolly get bored with racing too, once i've nailed it !"
Bowls can wait !
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