I got rammed of the road back in june and am still waiting for the insurance to be sorted out ,my question is this ,they are looking at repairing the bike which i am not happy with due to the fact that is was under 3 months old and still like new and if they repair it it will be classed in an insurance catergory (dont know which one ) and the premiums will go up .I have spoke to the dealer and he mentioned something about ,that if the bike was under a certain age and mileage and was damaged that they should write it of and should replace it with a brand new one
The first original quote the engineers gave was for a value �2995 but after ringing the dealer he told me that they had valued the wrong bike (xtr) and the bike should be valued for at least a �1000 more ,surely they cant get away with paying me out �3995 when a new one costs �5695 these days if it does go that way


Any insurance guru's on here to offer some advice please ,as hopefully it will being getting sorted soon

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OFFICIAL CRASH TEST DUMMY

Unfortunately your claim is through them and they hold all the cards.
Strictly speaking a vehicle is only a write off if it would cost more to put back the way it was at the time of the accident, than the market value. The market value is that as quoted in Parkers Guide or similar and your bike should fall between the range of values quoted. Unless you have a new for old clause which is doubtful.
On top of that, generally, it will only be classed as a write off, if one of 2 things happen.
1) They pay you out for the vehicle and they keep it, or
2) If a police officer attended the scene and put a tick in the box marked "probable write off" (or similar) in his report book because he thinks it is at the time. This is to stop death traps being put back in the road.
Either of the above generate a form DVLA V23 write off marker registered against your bike at DVLA.

Have a look at http://www.crimereduction.homeoffice.gov.uk/mso06a.pdf for a bit of info from the DVLA regarding classes of write off.

In short you are at their beck and call. You may be able to negociate with them a bit and you will need luck and good reason for that (for example: very good condition, factory accessories, low mileage). You need to bear in mind that their aim is to pay out as little as possible and yours is the opposite. They will make stupid offers that they want you to accept.

When I bought my last (and only) new car, I was advised to take out an extra insurance to cover the difference between what I owed on the car and the value after taking it out of the showroom (i.e second hand when only 1 day old). This was just in case it was written off when nearly new, as the market value was a lot lower, as a second hand vehicle (although new), than the amount I owed on it.

One other thing, you state you were knocked off the road, if you can prove this and the other party can be held to be 100% responsible, (and hence pay 100% of your claim,) you should not be liable to any loss of "no claims bonus" or future loading.

Hope this helps, others may be in the insurance industry and know more.

The bottom line is that no one ever wins after an accident.

Ray

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We are now retired....so....... lots of this and this and no more of this or this

Cheers for the info Ray ,yes there is proof of it being his fault ,purposley ran me off the road and i have 2 independant witnesses and cctv ,just thought because it was new and low mileage that they would have to replace it

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OFFICIAL CRASH TEST DUMMY

PM sent...

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We are now retired....so....... lots of this and this and no more of this or this