I had a minor accident in a parking lot. I went looking for lunch in my native Tesco and was strolling again to my bike when, to my horror, I noticed a 4×4 reverse into my GSX-R1000 and knocked it over.
The girl who reversed into my bike was so apologetic. Apparently her reversing sensors have been turned off and he or she didn’t know the right way to flip them again on.
She gave me her insurance coverage particulars and even dropped me again at work. My bike was not rideable however solely as a result of the gear lever snapped off. There was some very minor scuffing to the fairing however that was it. I attempted to name my insurer however obtained put by to a different firm who collected it from the automotive park. I’ve now been informed the bike is an insurance coverage write-off!!
It’s a £12k bike. There isn’t any method a gear lever and facet fairing prices greater than £12k. This firm can be providing to purchase the bike from me for £8k. What can I do?
Initially, I get extra experiences about this. Bikes being written off with little to no injury. A single GSX-R1000 fairing prices round £480 and a gear lever £34.95. Irrespective of the way you take a look at this, with some labour and VAT added on, the restore invoice is lower than £1k.
My sturdy recommendation is to get your bike again into your possession. It’s your property, and it belongs to you. Don’t go away it within the possession of another firm, regardless of how skilled they appear. After you have your bike again you’ll be able to then determine to both: 1. Declare by yourself insurance coverage; or 2. Declare in opposition to the 4×4 driver’s insurance coverage. It’s that straightforward.
It seems if you known as your individual insurer, you have been handed on to a third-party firm who make a residing out of gathering/repairing and shopping for/promoting bikes. In addition they seem to hire bikes out and your loss is their acquire. So, tread very rigorously.
Don’t ship this firm your V5 or keys and so on. Ask them to ship your bike again or go and accumulate it in a van. They may desire a restoration price of £150. If that’s the case, pay it and get your bike again.
After you have possession of your property, take a look at your insurance coverage certificates to search out out who your underwriter is. It has to (by regulation) state the identify of the insurance coverage firm who insures your bike. This is essential, as your underwriter is the corporate accountable for paying out. The good thing about utilizing your individual insurer is that your bike will get repaired as shortly as attainable and also you’ll be capable of benefit from the biking season.
I additionally don’t see why you’d promote your bike for £8k, particularly when it’s a properly sorted GSX-R1000 value £12k. For those who did that, you might be promoting at an undervalued value and somebody, someplace, is benefiting out of your accident. That can’t be proper and simply stinks of a bent system at work.
Your insurer is a bit of bit naughty in permitting your cellphone name to be redirected to this third-party firm. At all times, all the time take a look at your certificates of insurance coverage and discover out who your underwriter is and go direct. This implies a bit of bit extra be just right for you, nevertheless it stops you getting concerned on this dodgy system of referrals the place your GSX-R1000 is handed round and other people make a revenue out of your distress. Defend your self and your property, particularly when issues go a bit of unsuitable.
Quick Bikes April 2023