Insurance payouts?

[kiwi cowboy]

Ah ok, that's interesting. So even third party wouldn't help much in a case like this? Insurance just seems impossible to get anything resolved without tribunals/courts.

The fact that there's now a police investigation might help, since if he's found at fault I'm sure his insurance company will pay out. But the police might hinder, if he's going to be found guilty for some charge then the burden of proof will probably be a very high. I've got three witnesses who are very respectable citizens, so hopefully that will count for something, but who knows if that will be enough.

Firstly good your ok.
Secondly good luck with the fight.
Thirdly in my opinion your an idiot for not having at least third party insurance.
Why did I say that?.
Well imagine you say to yourself "im such a good rider I haven't had an accident in so long I don't need insurance" so cancel it.
Two days later you are riding blissfully along and something distracts you and you run into a (insert a very upmarket and very expensive car).
It was your fault and now you have there insurance co chasing you for 15 grand to fix it.
Buy at least having 3rd party you are covered if this sort of thing happens.
Your car/bike could be worth fuck all and not worth insuring but you could end up with a big bill without 3rd party.
Bit of a rant I know but 3rd party should be compolsary in my opinion.

[Tazz]

Firstly good your ok.
Secondly good luck with the fight.
Thirdly in my opinion your an idiot for not having at least third party insurance.
Why did I say that?.
Well imagine you say to yourself "im such a good rider I haven't had an accident in so long I don't need insurance" so cancel it.
Two days later you are riding blissfully along and something distracts you and you run into a (insert a very upmarket and very expensive car).
It was your fault and now you have there insurance co chasing you for 15 grand to fix it.
Buy at least having 3rd party you are covered if this sort of thing happens.
Your car/bike could be worth fuck all and not worth insuring but you could end up with a big bill without 3rd party.
Bit of a rant I know but 3rd party should be compolsary in my opinion.

Opinions are like arseholes, everyones got one and they all stink like...

Other than the fact your rant is completely irrelevant to the situation.....yup. That works really well overseas to where insurance companies hold people to ransom and you can pay more than your car is worth EVERY YEAR for insurance.
But that's ok, you can do things like have your car tracked by GPS 24/7 to lower your premiums, and if you go over the speed limit 3 times a month or drive in between certain hours your premiums increase or your insurance is canceled. Sounds like fun!

And then, you can pay for years and years only to have an insurance company fark you over when it comes time to pay out. Look at the Canterbury EQ. 150 years or more of insurance paid for that area, yet there is no money, the government has to chip in as well (I know that is part of the law but it is your insurers/brokers job to sort it for you which doesn't happen) and most people are paid less or well less than their insured value?

But yeah nah, you're fully safe being insured. They've only got your best interests at heart after all

Rant over lol

[LaggyGN]

Firstly good your ok.
Secondly good luck with the fight.
Thirdly in my opinion your an idiot for not having at least third party insurance.
Why did I say that?.
Well imagine you say to yourself "im such a good rider I haven't had an accident in so long I don't need insurance" so cancel it.
Two days later you are riding blissfully along and something distracts you and you run into a (insert a very upmarket and very expensive car).
It was your fault and now you have there insurance co chasing you for 15 grand to fix it.
Buy at least having 3rd party you are covered if this sort of thing happens.
Your car/bike could be worth fuck all and not worth insuring but you could end up with a big bill without 3rd party.
Bit of a rant I know but 3rd party should be compolsary in my opinion.

That comment about being a good rider was a joke. I explained why I cancelled it a few pages back. I've already said I'm getting insurance again when I get a new motorcycle.

[Tazz]

That comment about being a good rider was a joke. I explained why I cancelled it a few pages back. I've already said I'm getting insurance again when I get a new motorcycle.

I wouldn't beat yourself up over it. As cheap as it is 3rd party would be useless to you in this situation anyway.

[2smokes]

Find a lawyer that specialises in traffic law. You have witness statements, these are worth gold.
9 times out of 10 a strongly worded letter from a law firm telling him/her they're about to be raped finacially will have their insurance company back to the negotiating table. As far as the legal cost goes, you can sue for that too. I'd rather pay for council than let the rat bags get away with out paying up.
Shop around for you next insurance. There are some good ones out there. Wifee got t boned xmas eve by texting driver. Of course other driver inocent! Long story short. Wifee car rooted, insurance company calls to say they have rental for xmas break 'till shit sorted. 1st week Jan, insurance pays out in full market value. Had rental 'till new car arrived. Sweet deal!

[kiwi cowboy]

Opinions are like arseholes, everyones got one and they all stink like...

Other than the fact your rant is completely irrelevant to the situation.....yup. That works really well overseas to where insurance companies hold people to ransom and you can pay more than your car is worth EVERY YEAR for insurance.
But that's ok, you can do things like have your car tracked by GPS 24/7 to lower your premiums, and if you go over the speed limit 3 times a month or drive in between certain hours your premiums increase or your insurance is canceled. Sounds like fun!

And then, you can pay for years and years only to have an insurance company fark you over when it comes time to pay out. Look at the Canterbury EQ. 150 years or more of insurance paid for that area, yet there is no money, the government has to chip in as well (I know that is part of the law but it is your insurers/brokers job to sort it for you which doesn't happen) and most people are paid less or well less than their insured value?

But yeah nah, you're fully safe being insured. They've only got your best interests at heart after all

Rant over lol

like you say opinions are like arseholes and I do see a point you make about overseas to a point but in nz at the moment its cheap to 3rd party a car/bike and it covers you in case you have an accident that's your fault for the other vehicle.
maybe not the right time or place for that little rant but really was trying to get through to the op the importance of 3rd party.

[kiwi cowboy]

That comment about being a good rider was a joke. I explained why I cancelled it a few pages back. I've already said I'm getting insurance again when I get a new motorcycle.

Sorry mate I didn't mean to insult ya although it seems tazz got his knickers in a twist .

good luck with the fight and hope ya win cos it sucks to be fucked over but life can be like that sometimes

[Tazz]

like you say opinions are like arseholes and I do see a point you make about overseas to a point but in nz at the moment its cheap to 3rd party a car/bike and it covers you in case you have an accident that's your fault for the other vehicle.
maybe not the right time or place for that little rant but really was trying to get through to the op the importance of 3rd party.

haha for sure. I used to think it should be compulsory until I heard and saw how it was run in places that did have it as such.

No twisted knickers , just feel sorry for the dude coming for advice getting rants about an insurance policy that if he had of had would have been no use anyway lol.

Comprehen$$$ive cover on the other hand...

[russd7]

Find a lawyer that specialises in traffic law. You have witness statements, these are worth gold.
9 times out of 10 a strongly worded letter from a law firm telling him/her they're about to be raped finacially will have their insurance company back to the negotiating table. As far as the legal cost goes, you can sue for that too. I'd rather pay for council than let the rat bags get away with out paying up.
Shop around for you next insurance. There are some good ones out there. Wifee got t boned xmas eve by texting driver. Of course other driver inocent! Long story short. Wifee car rooted, insurance company calls to say they have rental for xmas break 'till shit sorted. 1st week Jan, insurance pays out in full market value. Had rental 'till new car arrived. Sweet deal!

a case for a $1500 payout would only go to small claims and they don't accept lawyers in small claims adjudication, would be a waste of money getting a lawyer to send letter as would cost half the value and if the adjudicator rules in a percentage then you wont get your lawyers fees back.
can do just as much yourself by getting copies of you witness statements and draw a map of the scene and what happened and send in to the dickheads insurance co and suggest if it doen't get sorted you will lodge a claim in small claims.
Keep all original statements yourself and only send copies, remember once someone else has them you no longer have control over what happens to them and if they get lost

[quickbuck]

When I get my new bike, I'll certainly get a cheap 3rd party contract so at least I can use their legal team.

I'm not going to read through the next 2 pages to see if somebody has mentioned this BUT:
THERE IS NO SUCH THING AS CHEAP 3RD PARTY INSURANCE FOR MOTORCYCLES ANYMORE.

Back 22 years ago you could get 3rd party on a Motorcycle for $13.05 per year through State....
I never made a claim on this but have no idea how good it was...

Fast forward to 2013 I thought it best that my CBR600 had at least something so inquired about 3rd party....
Not economic enough to pursue full cover is only $220 per year. It was quoted at $180 for third party.....

Ring Kiwibike insurance and they will find a deal that suits your needs next time.

[Tazz]

I'm not going to read through the next 2 pages to see if somebody has mentioned this BUT:
THERE IS NO SUCH THING AS CHEAP 3RD PARTY INSURANCE FOR MOTORCYCLES ANYMORE.

Back 22 years ago you could get 3rd party on a Motorcycle for $13.05 per year through State....
I never made a claim on this but have no idea how good it was...

Fast forward to 2013 I thought it best that my CBR600 had at least something so inquired about 3rd party....
Not economic enough to pursue full cover is only $220 per year. It was quoted at $180 for third party.....

Ring Kiwibike insurance and they will find a deal that suits your needs next time.

I just paid $29.26 for a years 3rd party fire and theft on a 250, and this dudes bike was smaller... Comprehensive is less than 3rd party on my car....this is with AMI.

[quickbuck]

I just paid $29.26 for a years 3rd party fire and theft on a 250, and this dudes bike was smaller... Comprehensive is less than 3rd party on my car....this is with AMI.

Hmmm, stand corrected, but the good people at Kiwibike couldn't find/ or didn't want to advise on that one.....
Still at $220 per year for my 600 it's pretty cheap. That covers anybody on a Full Licence too....
Of course it isn't a high value bike by todays standards.

[Sharft 6]

wow that's cheap

I bought 1 year of 3rd party from kiwibike for $236 in 2011. That was with a learners license and a slow 250.

Maybe I should look into getting insurance again.

[quickbuck]

wow that's cheap

I bought 1 year of 3rd party from kiwibike for $236 in 2011. That was with a learners license and a slow 250.

Maybe I should look into getting insurance again.

Yup, go full cover though... it won't be too much more than that... Especially if you have your full now??

[baffa]

And then, you can pay for years and years only to have an insurance company fark you over when it comes time to pay out. Look at the Canterbury EQ. 150 years or more of insurance paid for that area, yet there is no money, the government has to chip in as well (I know that is part of the law but it is your insurers/brokers job to sort it for you which doesn't happen) and most people are paid less or well less than their insured value?

But yeah nah, you're fully safe being insured. They've only got your best interests at heart after all

Rant over lol

CHCH is a little more complicated. Because of the Govt's EQC system effectively going bankrupt, work has been held up badly. And certain insurance companies *cough cough* AMI and Asnvar, didnt have enough reinsurance, so they either went bankrupt, or needed Govt bailouts, whilst the insurance companies who looked after their customers, got dragged through the media because people didnt understand how insurance works.

Compared to the rest of the world, Kiwis tend to avoid insurance wherever possible, and are ridiculously underinformed about how things work.

The amount of businesses I speak to who dont even know how to run their business, let alone what insurance they should have is depressing.