hi all, i had a mint 2005 xtx insured fully comp, for �4000 and it renews in march this yr, prob is i had it stolen on sat night all garaged and locked up, and an independent company (loss adjusters) rang me and said my bike is worth �2800 average price minus the excess of �550......they have offered me �2250 to which im not happy about.......is this about right or should it be more like �4000 for the bike minus �550 equals �3450 ??????? first time ever ive had to claim..........many thanks ray

Price is more than generous from an insurance point of view. Mint or not. Sorry to hear about the theft.

There was no chance a 2005 bike is worth �4000

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hi tony, when i bought it 2 yrs ago for �3600 thought insure it for �4000 ????? just seems like im losing out on a �1000 somewhere and not just de-valuation.......when some shops are still selling same kind now for �3850 ????? i feel ripped off somehow.......im paying extra to insure for �4000 and only getting �2250 in return......just does not add up at all ?????? ray

SteveD has been through this particular task recently, maybe he can offer some advice ?

Personally, I'd be looking around locally to find a bike of similar setup/condition and asking the last person to service it for a statement on it's condition. Then you have your valuation.

I'd take the line that I insured to replace the bike, and so that would be my minimum acceptance. I'd also give them a time frame to come to a solution before I went off to the solicitors, and I'd tell them in writting what I would do. Pretty much I'd take a hard, none deviating line with them and leave them in no doubt that I was serious.

Remember though, above all, be nice to them, but firm!

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Never underestimate the power of stupid people in large groups.

I'm sorry to hear that...I hope you get another bike soon.

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2008 XTR Mods : DNA Stage 3 Airbox, PC111, Carbon Cans Ovals, Steve Ruth built XTR734cc Big Bore with - High Desert Dyno (HDD)/ Cuervo Racing Gas Flowed / Ported Head fitted with +1mm Valves & uprated Springs, HDD 5050 Camshaft, HDD +3mm Throttle Body, CP 105.5mm 11:1 Piston, Custom Mapping, Piasini ECU, Renthal 613-01, Barkbusters VPS, Pivot Pegz, Touratech Bashplate, Foam Grips, Kev's O2 Sensor Mod, Kev's Extra Coolant Cooler, Wilbers Progressive Fork Springs and Rear Shock

I have never understood why people over insure stuff. It's a fight to get what you think it's worth. Try your best to get what you think it's worth but be ready for a fight. Its my opinion it's a lot of hassle for very little return.

That's why I am third party only. If mine got stolen I would not claim. I am only insured on the very minimum to be legal.

When I insure stuff I insure it for exactly what I paid. Usually insurance pay out the market value hence your offer less excess.

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prob is when you insure anything and it does get stolen you will only get book value so if you insure for what you paid for it you wont get that back

�2800 for a 2005 XTX is a good price, surprised their initial offer was that high if anything.

lol theres not a chance in hell your bike was worth that my 60 plate ten books at �4200 and i brought it for �5400 only a few month ago.... the price youre insurance have given you is very generous...Take it.

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...On a steel horse i ride.

i paid �3200 for an 08 plate "R" only done 120miles about 6 months ago....and the owner only paid (then) 3995 for it new.........

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2008 XTR Mods : DNA Stage 3 Airbox, PC111, Carbon Cans Ovals, Steve Ruth built XTR734cc Big Bore with - High Desert Dyno (HDD)/ Cuervo Racing Gas Flowed / Ported Head fitted with +1mm Valves & uprated Springs, HDD 5050 Camshaft, HDD +3mm Throttle Body, CP 105.5mm 11:1 Piston, Custom Mapping, Piasini ECU, Renthal 613-01, Barkbusters VPS, Pivot Pegz, Touratech Bashplate, Foam Grips, Kev's O2 Sensor Mod, Kev's Extra Coolant Cooler, Wilbers Progressive Fork Springs and Rear Shock