$12,700 repair bill

[MSTRS:Me]

It's got nothing to do with Red Baron. Building a bike from parts bought from the parts manifest has always been more than twice as expensive as buying one assembled by the factory. It costs money to either store spare parts or change your production run to produce spare parts on a JIT basis.

You've just learnt the harsh truth that a fully faired bike can be written off by an Insurance company very easily through cosmetic damage, largely because there are no options out there to repair damaged fairings instead of replacing them.

When my RC30 was destroyed in 1992, the repair bill was $30,000. They were $22,000 new at the time.

Try 10x +...
The system is in place, you didn't set it up, now use it to your advantage. Buy the 'wreck' back if you can. You just take the write-off amount, less the agreed value of the 'wreck', which you must de-register, then either take your time fixing it up as a second bike or to sell, or trackbike it.. Mostly the insurer is just glad to not have the hassle of storing, moving, selling.

[skidMark]

It's got nothing to do with Red Baron. Building a bike from parts bought from the parts manifest has always been more than twice as expensive as buying one assembled by the factory. It costs money to either store spare parts or change your production run to produce spare parts on a JIT basis.

You've just learnt the harsh truth that a fully faired bike can be written off by an Insurance company very easily through cosmetic damage, largely because there are no options out there to repair damaged fairings instead of replacing them.

When my RC30 was destroyed in 1992, the repair bill was $30,000. They were $22,000 new at the time.

you destroyed the only honda i like...

you destroyed an rc30....

you animal

and to think i kind of liked you ever so slightly.

i know it's a honda.....but it's an okay honda.

[Swoop]

The Red Baron was a fellow, who you went to to be fucked over. He didn't speak the same language as his "customers" and also enjoyed what he did...

Similarities??

oh... oook... well... make sure your insured then... n if ya have an oops you can get a new bike

Also, you will get a nice, newly "adjusted", premium for your next bike...

[Pussy]

Apart from those that pay for it in their insurance premium. Which is everybody else.

Ain't that the truth. There is a finite amount of dosh collected in insurance premiums, it's not a bottom-less pit

[EnzoYug]

I better be able to buy the wreck. I should call the insurance company? I assume they'd give me the first option of buy back - so long as I get in their early... Umm, anyway - here's the price of full fairings, and all damaged parts from a wholesaler in korea:

Fairings: 910 USD assume 1400 NZD (at the worst xchange rate)
parts: 210 USD assume 260 NZD
Shipping: 600 NZD (for bulky size, via air)

total: $2,500 tops... + labour

then again I found they had a %420 markup on the wholesale price for a Gear-shifter. $45 USD wholesale and they quoted me $240 NZD. Nice. Who knows how far they pushed the rest of the prices.

I get the feeling I'm gonna end up with a new bike unless the insurance assessor is really on top of his game. And in that case I'd be fooking stupid not to buy the wreck and street fighter it.

Anyone bought a wreck from an insurance write off and know the procedure?

[yungatart]

Anyone bought a wreck from an insurance write off and know the procedure?

We bought hXc's bike back off the insurance co. We told ins that we might be interested in buying the wreck back and asked how much they would offer it to us for.....it turned out to be very cheap, so we agreed. We had to take the plate in to a vehicle registration agent and deregister it, and provide ins with proof of deregistration. Once that was done, they paid out the write off amount less the buy back price and authorised the bike shop to release the bike to us.
We rebuilt it and then re vinned it, with a new rego and he has ridden it ever since.
Easy as falling off a log...or a bike!

[The Pastor]

if the plastics are intact, just get them painted, talk to crazefox, hes really good.

Buy back the bike get it painted replace levers / exhaust (if the zorst is completely munted) then get it vinned and trademe it.

[imdying]

then again I found they had a %420 markup on the wholesale price for a Gear-shifter. $45 USD wholesale and they quoted me $240 NZD. Nice. Who knows how far they pushed the rest of the prices.

Hmmm, isn't it actually illegal to grossly inflate a price? One of the provisions of the CGA iirc.

[FilthyLuka]

mate, if you get that kinda cash outta 'em, but the bike back, street fighter it (so you dont spend much cash) and go get a SV650!

How far are you off your full licence?

[Morcs]

Aftersales parts are far more expensive.

When I was working for a company that supplied Renault, GM and Nissan - One of our products was a complex door handle assembly. The Piece part price (PPP) was around 2 quid ($5). When we sold them as aftersales parts (direct to renault) the PPP was around 20 quid ($60).

Now add onto that that the parts will then go to each distributor in each country, who will generally add 50%, then the dealer adds 20% you end up with a $5 part costing $108.

[Badjelly]

Building a bike from parts bought from the parts manifest has always been more than twice as expensive as buying one assembled by the factory. It costs money to either store spare parts or change your production run to produce spare parts on a JIT basis.

True, but there's also the fact that new bike (and car) prices are subject to intense competition, but spare parts prices are not.

[TimeOut]

Anyone bought a wreck from an insurance write off and know the procedure?[/QUOTE]

FMG told my son it would sold at Turners auction, he could bid on it there.
We ended up canceling the claim and fixing it ourselves.

[discotex]

Thats FIVE THOUSAND MORE THAN A NEW BIKE. Fuckin ace. GO red baron! Glad I don't work for the insurance company (covered in full) and glad that I counted my fingers after shaking their hands at the shop.

Have you got a quote from Mt Eden to compare to Red Baron and show they're ripping your insurance company off or are you just slagging them off because everyone else on KB does?

My experiences with Red Baron have been more positive than some of the shops KB "approves" of.

[EnzoYug]

I'm not comparing them to other shops - because they could all be evil as far as I know.

And I'm not slagging them off. If I went in their and said "I'm a poor student with no insurance, make my bike ridable again for the lowest cost" they'd probably put together a very basic repair plan at very low cost.

Insurance companies are in the business of making money, so are red baron - I'm not going to slag them off. I'm just... impressed with what they reckon they can quote.

After all they're the 'experts', I hope.

And in my experience Red Baron's service centre is not so awesome with cheap bikes. Not unsatisfactory, otherwise I wouldn't go there. But it's a safe bet that the worst / youngest / laziests mechanics get the cheap 250's to repair / service and the older, more reliable, veterans get the bike high-end machines.

[SPman]

I've got no problems with Red Baron and insurance claims. After my little bin in the SP, many years ago, avoiding a car pulling out of a give way sign 10m in front of me, the SP came back 6 Kg lighter and with 9 extra horses, thanks to Mikes "working" of the options available. And cost the insurance Co. $500 below quote.
My sister (who is a loss adjuster) told of an MV Brutale binned on the Rimutakas that came in with a $38K repair bill, for a $26k bike, and this is common.
Just a nasty fact of life.