Hi guys
Well looks like my bike (51 plate 48,000 miles)will be a right off as repairers have costed repair's at £4,081.
I asked the repairers about the possibility of buying the remains of the bike, as by looking at the repair costs they supplied and inspecting the bike prior to recovery, I can repair it for +/-£1,000 (unless they have B***rd the fairing doing the estimate). However they stated that if the bike is covered by Fully Comp insurance that I am not allowed to buy the remains. Is this true does anyone know?
Would like the bike back as it still has all the goodies fitted (Ohlins, SJ filter, Lennies Induct, full Laser system & full stainless kit).
Steve
Steve
Insurance Claim
Moderators: slparry, Gromit, Paul
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winger
Hi Steve
Sorry, don't know the answer to your question but can I ask how the damage came about... enquiring minds and all that. I take it you came out of it unscathed? Apologies if I missed a post somewhere along the line.
Can't you go and strip the bike of all the goodies, wherever it's sat, and return it to standard trim. This won't affect the repair bill, if anything it will make it cheaper.
Cheers
Adam
Sorry, don't know the answer to your question but can I ask how the damage came about... enquiring minds and all that. I take it you came out of it unscathed? Apologies if I missed a post somewhere along the line.
Can't you go and strip the bike of all the goodies, wherever it's sat, and return it to standard trim. This won't affect the repair bill, if anything it will make it cheaper.
Cheers
Adam
Forgive me father for I have sinned... ex S owner moved onto pastures new with four cylinders and a chain... and back to a twin, albeit in a V.
Adam
Did the classic of overtaking a stationary bus only to find that it had stopped to let a car out. Came off over the handle bars and landed on the bonnet, so badly bruised chest otherwise fine.
Bike damage is limited to front fairing + frame, headlight, screen etc and chipped rear diff.
Will talk to the insurers about removing the goodies but think Chris you maybe right that someone already has their eye on them.
Just been looking on ebay and think it could be a better better to take the money and start again given the prices indicated.
Steve
Did the classic of overtaking a stationary bus only to find that it had stopped to let a car out. Came off over the handle bars and landed on the bonnet, so badly bruised chest otherwise fine.
Bike damage is limited to front fairing + frame, headlight, screen etc and chipped rear diff.
Will talk to the insurers about removing the goodies but think Chris you maybe right that someone already has their eye on them.
Just been looking on ebay and think it could be a better better to take the money and start again given the prices indicated.
Steve
Ouch Steve, that's got to hurt.
When I totalled my GSX-R I had it taken back home so I could get the few goodies off in my garage and hide them at the back before the assessor turned up. Asked him about the alarm and he said just cut it off if you want it, the bike's not going back on the road.
As it is, I'd still be inclined to turn up at the breakers with my spanners and ask to get my bits back. Got to be worth a try?
Cheers
Adam
When I totalled my GSX-R I had it taken back home so I could get the few goodies off in my garage and hide them at the back before the assessor turned up. Asked him about the alarm and he said just cut it off if you want it, the bike's not going back on the road.
As it is, I'd still be inclined to turn up at the breakers with my spanners and ask to get my bits back. Got to be worth a try?
Cheers
Adam
Forgive me father for I have sinned... ex S owner moved onto pastures new with four cylinders and a chain... and back to a twin, albeit in a V.
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winger
Hi Steve
How it works,mr insurance man gets a back hander from mr bike breaker,and you get your pay out,when you try buying it back,it gums the works up,it is possible because Motorworks have the market so sown up that alot of people don't want e'm,you normally find an S in decent shape will make around 2500 in bits,depending on how much gear there is about,it's the silly things like the alloy frame at the front,at close on 300 quid a pop knackers home repairers up,it gave us no end of grief with Gus's,they only have to move an absolute knats and nothing will fit.
Hence why when i saw one forsale i bought it!!
How it works,mr insurance man gets a back hander from mr bike breaker,and you get your pay out,when you try buying it back,it gums the works up,it is possible because Motorworks have the market so sown up that alot of people don't want e'm,you normally find an S in decent shape will make around 2500 in bits,depending on how much gear there is about,it's the silly things like the alloy frame at the front,at close on 300 quid a pop knackers home repairers up,it gave us no end of grief with Gus's,they only have to move an absolute knats and nothing will fit.
Hence why when i saw one forsale i bought it!!
Re: Insurance Claim
Steve mate - sorry to hear about the prang, but glad you're ok.Steve W wrote:Hi guys
Well looks like my bike (51 plate 48,000 miles)will be a right off as repairers have costed repair's at £4,081.
I asked the repairers about the possibility of buying the remains of the bike, as by looking at the repair costs they supplied and inspecting the bike prior to recovery, I can repair it for +/-£1,000 (unless they have B***rd the fairing doing the estimate). However they stated that if the bike is covered by Fully Comp insurance that I am not allowed to buy the remains. Is this true does anyone know?
Would like the bike back as it still has all the goodies fitted (Ohlins, SJ filter, Lennies Induct, full Laser system & full stainless kit).
Steve
Steve
As for buying the bike back... back from whom:?: Until you've settled at a figure and they've paid you then the bike is still yours even though they're acting like it's theirs:shock: - don't take any sh*t if you want it , ask to settle for X pounds + the wreck
Jason
2002 Black GSA (for random fault analysis and for stealing all my weekends fixing the b'stard)
2000 Black R1100S (for remembering the good old times)
2000 Black R1100S (for remembering the good old times)
You definitely have the right to keep the bike. The only real show stopper is if they categorize it as class A or B, then it cant go back on the road.
If its cat d the price should be 30% max of thier payout offerred.
Dont le them take the piss, the bike is your property.
Who are you insured with? The way i did it was to get an offer for cash, then asked them to deduct the salvage cost and pay difference. I turned down their first offer and got a 500 quid hike.
If its cat d the price should be 30% max of thier payout offerred.
Dont le them take the piss, the bike is your property.
Who are you insured with? The way i did it was to get an offer for cash, then asked them to deduct the salvage cost and pay difference. I turned down their first offer and got a 500 quid hike.
1997 CBR1100XXV
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary
PB I am insured with ebike and the bike is currently with Hexagon Motorcycles in West London.
Would like to go and get the bits but am away for a week from Saturday and currently cannot get to them before I go and think that they may try and dispose of the bike before I can discuss it with anyone.
Will keep you posted.
Steve
Would like to go and get the bits but am away for a week from Saturday and currently cannot get to them before I go and think that they may try and dispose of the bike before I can discuss it with anyone.
Will keep you posted.
Steve
They can't dispose of it unless you give your permission for them to do so. Usually this permission is granted indirectly by way of your accepting a settlement offer from the inurance company by which you pass ownership of the bike to them. They will also require you to send them the documents including the V5C - untill you do this the bike is yours.
At worst you maybe charged storage if they have to keep the bike more than a week or so but if you make it clear to both the insurance company and the dealer IN WRITING before you go away that you wish to retain ownership of the bike for the time being, and that you undestand this will delay settlement of your claim, they have no right to dispose of it (and it will avoid them 'assuming' that you were going to give them permission.... And if they still dispose of it after you've made your intentions clear then I guess that constitutes theft.
At worst you maybe charged storage if they have to keep the bike more than a week or so but if you make it clear to both the insurance company and the dealer IN WRITING before you go away that you wish to retain ownership of the bike for the time being, and that you undestand this will delay settlement of your claim, they have no right to dispose of it (and it will avoid them 'assuming' that you were going to give them permission.... And if they still dispose of it after you've made your intentions clear then I guess that constitutes theft.
Steve - damn! sorry to hear about your car interface.
I'd try tro get storage at your place to 'save' costs then relieve the bike of the appropriate parts .
If your mods were declared then the insurers would have right of ownership in the event of a full payout. Having said that you should get a decent repalcement for the payout stated.
What was the damage to the cage?
btw - although mine was TPF&T & went to court, storage would have been 7.50 a day x 500 days = 3,750 quid
I'd try tro get storage at your place to 'save' costs then relieve the bike of the appropriate parts .
If your mods were declared then the insurers would have right of ownership in the event of a full payout. Having said that you should get a decent repalcement for the payout stated.
What was the damage to the cage?
btw - although mine was TPF&T & went to court, storage would have been 7.50 a day x 500 days = 3,750 quid
BMW R1100S (Black)
Suzuki TL1000S (Red)
Suzuki TL1000S (Red)
The storage is down to teh insurance company until they make you an offer. If you refuse teh offer then teh storage becones your responsibility from that point. Get teh bike home to your garage mate then job done.
THEY CANNONT dispose of you bike without your agreement
HTH
PB
THEY CANNONT dispose of you bike without your agreement
HTH
PB
1997 CBR1100XXV
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary
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winger
Some gallant comments gents,but unfortunately posession is 9/10's of the law.who ever has it wants storage payment and they ain't going to let it go untill they've been paid,and who collected it??cuz they'll want paying as well,so straight away you've lost control of it!!!.
It's a bit like spouting off when your cars been clamped,it belongs to you be you ain't going anywhere till you've coughed up,the bikes the same.
The golden rule is,make sure you collect the bike yourself,or make arrangements for a mate to do it for you.
Find out who's got the bike,and bung him if he'll let you change the bits,the chances are he'll grass you up,your not his mate the insurance company is!!!!
It's a bit like spouting off when your cars been clamped,it belongs to you be you ain't going anywhere till you've coughed up,the bikes the same.
The golden rule is,make sure you collect the bike yourself,or make arrangements for a mate to do it for you.
Find out who's got the bike,and bung him if he'll let you change the bits,the chances are he'll grass you up,your not his mate the insurance company is!!!!
With respect, if the insurance terms state that in the event of an accident they will pick up the bike and store it, whatever, then they are bound by law to honour the terms.
Only after making an offer on the bike can they start to charge storage and then only if you refuse the offer normally.
The bike belongs to you until you release it.
Agreed, many times the insurance companies try and blag it, but if the owner of the bike insists on keeping it (specially if cat c or d), then the insurance company, despite who has possession of the bike has to make it available.
Time to read the smal print me thinks. Ive been in touch with Carole Nash today (Ivor) and in their case, if you want the bike then they negotiate a reduction in the payout and you keep it. The norm for cat D is 30% of payout is the salvage fee.
i.e offer of 10 grand turned down, you pay 3k for salvage and keep bike and they pay you 7
Only after making an offer on the bike can they start to charge storage and then only if you refuse the offer normally.
The bike belongs to you until you release it.
Agreed, many times the insurance companies try and blag it, but if the owner of the bike insists on keeping it (specially if cat c or d), then the insurance company, despite who has possession of the bike has to make it available.
Time to read the smal print me thinks. Ive been in touch with Carole Nash today (Ivor) and in their case, if you want the bike then they negotiate a reduction in the payout and you keep it. The norm for cat D is 30% of payout is the salvage fee.
i.e offer of 10 grand turned down, you pay 3k for salvage and keep bike and they pay you 7
1997 CBR1100XXV
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary
1999 CBR1100XX
2009 HP2 Sport
2006 R1200s
2013 R1200RT anniversary