Insurance claim question

[The Pastor]

I dont like insurance.

BUT, this has been on my mind for a while.

If someone crashes into my $2,000 bike, and dose $7,000 damage. Can I force their insurance to repair rather than replace it?

[Shaun]

Not sure to be honest. All I know Is Shaun Harris Motorcycles at 742 Beach Rd Browns bay Auckland Repair crashed bikes

[Oscar]

I dont like insurance.

BUT, this has been on my mind for a while.

If someone crashes into my $2,000 bike, and dose $7,000 damage. Can I force their insurance to repair rather than replace it?

If you don't like it, don't buy it. No one has a gun to your head.

To answer the question:

The Company may, at its option repair, reinstate or replace any lost or damaged Insured Vehicle or any part ‎of it, or may pay the amount of the Loss. The payment will not exceed the reasonable Market Value of the ‎Insured Vehicle at the time of the Loss or the Agreed Value of the Insured Vehicle declared to the Company ‎‎(if insured on this basis) and the Special Limits of Liability specified in the Schedule and any other limits ‎specified in the Policy.‎

[2Seat_Terror]

At that point, wouldn't they be almost the same result?

Getting money from insurance can be hard at the best of times, good luck achieving this!

My 10c...

[The Pastor]

If you don't like it, don't buy it. No one has a gun to your head.

To answer the question:

yeah, buts that's an agreement between the dickheads insurance company and the dickhead. No agreement with me.

I should ring up a company and ask.

[Flip]

No they will only pay out the market value of the bike.

[The Pastor]

No they will only pay out the market value of the bike.

but its my bike, and I want it repaired.

[Scuba_Steve]

I dont like insurance.

BUT, this has been on my mind for a while.

If someone crashes into my $2,000 bike, and dose $7,000 damage. Can I force their insurance to repair rather than replace it?

My guess would be you can only make them pay out the replacement value.

I had the same situation recently which I ended up with 1300$ & my bike (which only ended up having cosmetic damage )

[English Kiwi]

but its my bike, and I want it repaired.

If the cost of the damage is more than the value of the bike the Insurance company will write it off.

If you want it repaired more than likely you'd have to try and buy the bike back off the company, but possibly won't be able to Insure it again!

Best bet would be to repair it outside of Insurance companies if you really want to keep the bike!

[Oscar]

yeah, buts that's an agreement between the dickheads insurance company and the dickhead. No agreement with me.

I should ring up a company and ask.

So you're an uninsured party?

Get a lawyer.

[imdying]

but its my bike, and I want it repaired.

How about the replacement value and you get to keep your old bike for a dollar? I assume they're going to be willing to negotiate a little to get rid of you? Oscar?

[Oscar]

How about the replacement value and you get to keep your old bike for a dollar? I assume they're going to be willing to negotiate a little to get rid of you? Oscar?

This is one occasion where his personality might work for him.‎
Make a pest of yourself (have a go at them for loss of use, for example) and they’ll ‎probably sell you the wreck for next to nowt. ‎

[baffa]

Why would the insurance company spend more repairing your bike than what it is currently worth? Insurance companies arent there to be a charity.

Alternatively, dont ride a $2000 bike.

[The Pastor]

So i just rang NAC, and they said they would only pay out market rates. and that i would have to settle this through court. Which is what i thought.

[The Pastor]

Why would the insurance company spend more repairing your bike than what it is currently worth? Insurance companies arent there to be a charity.

Alternatively, dont ride a $2000 bike.

noooo, its not about the insurance company being a charity. Its about me being out of pocket due to someone else.

Lets put it this way, you have a bike worth 4k, you spend 10k on modifications. Dickhead crashes into you. Not your fault. Who pays.