"Total Write-off"

[MikeyG]

If you still have the original pipes etc you could try get all the aftermarket stuff off the bike and keep it for the enxt one or sell it separately for parts.

[chanceyy]

A bit like the guy (a lawyer) who insured his expensive cigars against fire, then claimed on his insurance policyy that they were destroyed by a series of small fires. The insurance company paid out the $16k then when he cashed the check they had him arrested for arson, setting a number of small fires, he got convicted, 2 years in jail and a $24k fine. - Nothing like it really.

nodded thought that was a bit clever when i first heard it .. teach him for being a smart arse .. the insurance co had the last laugh

[riffer]

The insurance company didn't do too bad. They put the bike up for sale at Turners and it reached $1500 at auction.

As for me, I took the $4700 I got for the bike, added $50 and scored the RF900, and insured that for $4750.

The insurance company doubled my insurance to $65 a month, but after a year relented and reduced it to the $32 a month I now pay for fully comp.

Oh - and my fire excess is now $750 - funny that...

Good luck with the new bike BMW.

[Bandit Rider]

When my FZR was written off in the gargre fire Easter 2005, I asked for the local motorcycle shop to do the valuation.

I asked my my insurance company how much I could expect for the bike as I'd had it insured for $3995 - what I paid for it. They told me that I would get nowhere near that much as their policy was to pay the market valuation, and not a penny more, less my excess, which was $350.

In fact they put it in writing for me, which turned out to be good for me and bad for them, as the valuation came in at $5000. The bike shops reason - with the supply of pre-89 sports bikes dwindling as their new racing class was using up the bikes, it had become rarer and hence more valuable.

They bitched and moaned and said they would pay the lesser amount, which was the $3995, less the $350, and I called their bluff and demanded the market valuation. As I had it in writing, they had to pay.

Perfect Riffer

[Storm]

Riffer, you're my new hero

[Storm]

Riffer, you're my new hero- for stickin it to the man

[oldrider]

Bad luck on the bin BMW, good luck with the rest of it. Cheers John.

[Bloody Mad Woman (BMW)]

Thanks for your replies, still waiting to hear from Insurance Company!! story of my life "still waiting" lol. I have been chasing them up!! 4th weekend in a row without wheels - they're gonna have to commit me soon!!

[Bytor]

Yep, when my ZX6R had a dealing with God, I used Trademe and Bikepoint to get prices for evidence of market value. The bike was insured for $5k, insurance valued it at $4k, I showed them evidence of market value upto $7k and got a cheque for $6k!!

So, just get as mucho high value evidence as poss.

[terbang]

Bad news about the the writeoff there BMW, how did you do it..?
My experience with insurance leaves me with the impression that they don't have some of the largest buildings in town because they are our best friends. You have to put up a good case and watch their every move.

[XP@]

Its a bit like when you buy a used vehicle, any extras on it are just your good fortune

Aye but in the case of panniers, heated grips etc. they are functional additions which you cannot do without so make sure they are taken in to consideration. Your pipe is a performance mod so you will be lucky on that one. However if you have the old pipe and can swap them over... or you have the chance to remove the old bits before the assessor sees them...

[ruphus]

Don't get me started on Insurance Comps. A guy at work, bought a Merc for $26K, had it for approx 3 months then crashed it. Ended up getting $9k back from them, because this was the "Market Value"...

The car had a full ICE install (Custom Leather, TV's, playstation etc) with adjustable airbag suspension. It had won awards and appeared in Performance Car. He had the wheels insured seperatly for $3700 but was only offered $450 so is taking them to the Insurance Ombudsman.

What I want to know is, he was paying premiums based on a $26k value but they turn arround and said nah, only worth $9k. Are they going to reimburse his premiums?

My advise BMW is not to agree to any settlement unless you believe that it is fair.

[Lou Girardin]

What year is your bike?

[Tints]

I'm going thought the insurance process at the moment because a stupid young driver didn’t look and took me out. This is also my first time dealing with insurance companies. So far it has taken 7 weeks and my bike is still not fixed, or written off due to them being slow and screw ups.
The best piece of advice I can give you is keep a record of everything! All of the numbers, references, quotes and conversations. If anything seems funny question it, get second opinions and if possible always get two quotes. The guys at spectrum motorcycles were my bike is waiting have been really good helping me out with advice. They see this thing all of the time and know the games that the companies play. If you have a good bike repairer go and talk to them.
As for me I am going to go and buy some new textiles tomorrow with what the insurance has paid out so far....

Hope it goes well for you and your BMW...