Got hit by a car and getting reemed again..

[MarkH]

It does just kind of suck at times when they dont consider your gear to be worth much, but its still actually going to cost you $$$ personally to put yourself back to a similar MATERIAL (not financial) position as to where you were prior to an accident, that wasnt any fault of your own.

Eg. Say you brought a top-of-the-line Shoei 18 months ago for $1100, and it was in perfect nick the day of the accident, and its still current model, etc. But they only give you $750 'market value' for it.

So, to achieve a similar position to where you were prior, a top-of-the-line Shoei, you now have to go and SPEND an additional $350.

OR you end up paying the $800 to buy the RF1000 instead, which ISNT the top-of-the-line.

Understand how it works etc, but its still something that is a bit on the nose if you are going through that process.

Does anyone know what policies the insurance companies offer? I figure that if you had replacement cost insurance on your gear then in the event of someone causing an accident and damaging your gear, you could claim for the replacement cost then let your insurance company sort out finances with the at-fault driver (or their insurance co.).

I figure with a helmet they are generally good until they absorb an impact, but you can't really be sure of a 2nd hand one - so you need to buy a new one when you replace a damaged one. If you might go for 3 years, then have an off and damage the helmet - that is 3 years of use then replace with new. If after 2 years some dick pulls out in front of you causing a crash and damaging your helmet, then a year later you have an off and have to replace the helmet again - you have bought 1 more helmet due to the dick that failed to give way. That makes you poorer by one brand new helmet - I wouldn't think it is unreasonable to receive sufficient payment to buy a brand new helmet. My thinking is that generally* a helmet is good or not - good before a crash and not good afterwards. So for most riders the helmet was not partially worn out before the crash, therefore depreciating it for age leaves the rider having to find some money to pay the difference between the payout and the cost of a new helmet.

[dogsnbikes]

depends on your company and terms

my riding gear is covered by my contents helmet is full replacement and the remaining gear is depreciation and is common with insurance companies...

last year I had to replace my gear at first they were going to devalue the gear by 40% but that was reduced to 10% by getting letters from bike shops that knew the condition of my gear even if it was 2 years old

you will find they will be reasonable

[Capt M Stubbing]

I'm still alive, as bad as i thought my smash was, everytime i got back to hospital for a check-up i see much worse off blokes, and they are thanking thier stars because they have seen other guys in even worse states.
Insurance had almost been sorted. Got me a new Schurbert lid with built-in sunvisor. and a new BMW jacket, just like Ewan and Charlie. cool, now i'm a Ewan wannabe! I wish i had this jacket on, the backprotector is three times better than in my older Jacket. Anyway, thanks for the responses and comments. Ride safe, but looked double and expect the nothing from old blokes in utes, even when you have write-of-way!!
thanks, Regards Capt M Stubbing. The Love Boat!

[mossy1200]

Two quotes for replacement value from bike shops required if you dispute the insurance companies valuation.In writing and they will fold.Same goes for vehicle that you dispute insurance valuation after accident.

[scracha]

your policy should state whether it is replacement value or market value

Doesn't apply. He's making a claim against the other guy and this is refunded by the other guy's insurance.

[Boob Johnson]

im totally out of hospital now, and the 29 staples have been removed.
what have i learnt? get a cop bike, and leave the flashing light on and get private medical insurance. i should be back on a bike within a few months. time to go shopping for a bargin.

Nice one

Sorry to read about your plight! I got taken out nearly two years ago to the day by an 18 year old female learner license holder pulling out in front of me. Her insurance company requested my my insurance details to which I quickly refused citing why they needed to be involved at all? Has nothing to do with them I said. They must have taken this as a sign of "don't mess this one around" as they (quickly) paid me $300 more than I paid for the bike (even when I told them how much I paid for it 5 months prior) & never battered an eye lid at the value I stated over the phone for replacing my gear. A cheque arrived in the mail shortly afterwards & that was that! Couldn't have been an easier process if they tried!

Some insurance companies just suck I guess

[Katman]

They must have taken this as a sign of "don't mess this one around"

[firefighter]

depends on your company and terms

my riding gear is covered by my contents helmet is full replacement

Who is that through?

[dogsnbikes]

Who is that through?

psis Assetcare

[Pixie]

right, but is it help from my bike insurance (kiwibike) or from my contents insurance (ami)?
my contents is the same as the car driver and its AMI that want to depresheate it.

Don't let them depresheate it.It sounds horrible and I don't know what it means.