Well that's the end of that! My 14 was stolen.

[grog]

So Hooli all you get is £300??Thats ridiculous. Not sure but i have agreed value of $8k/£4k.In Oz would get me another bike. Your offer is beyond stupid😡😡

[KiwiCol]

So Hooli all you get is £300??Thats ridiculous. Not sure but i have agreed value of $8k/£4k.In Oz would get me another bike. Your offer is beyond stupid😡😡

It's bad, but not quite as bad as that Grog, Hoolis' pay out is gonna be £868, £300 is his excess.  Still bloody horrendous though

[Hooli]

I dunno if you are looking, or will be interested, but I saw this and thought of you mate. Not far from you either.

D.D.

Cheers.

I'm not looking as I can't afford to replace it. But that's a great example of how far out their valuations are & actually quite cheap for a 14 in good nick so I'll use it to argue with them.

[Hooli]

Interested in how much you had the bike insured for ?

I think it said £1500 or £1750 on the policy. But they ignore that totally & make up a much lower figure when it comes to paying out. No idea why they ask value as they pretend it's the wrong figure anyway

[Hooli]

Well that was surprising.

Just had the insurance ring me about my 14's value. Five minute convo with the biker on the other end & they upped it to £1,500 after he knew I'd done all the miles on her. Means I get £1,200, so not enough to replace her but seems a reasonable value for the miles & previously written off last time she was stolen.

Still no idea what I'll get. Can't afford anything currently anyway, so I'll just wait till something catches my eye & feels right.

[Pommeroy]

If it's recovered, would you consider making a low-ball offer to the insurance company for it?

[Hooli]

If it's recovered, would you consider making a low-ball offer to the insurance company for it?

All they do is tell me which co-part auction it's going too, if they remember to tell me.

But yes, I think I'd have it back & fix it, again.

[Kiwifruit]

That sounds fair Hooli. At least it's in the ball park of what you paid the premium for .
Been a panelbeater all my life and with very few exceptions I have been disappointed with the way insurance companies and their assessors negotiate the scope of and costing of repairs and total loss payouts.
Had one assessor say after I'd handed him my itemised estimate I'm not interested in the breakdown, what's the bulk figure. I replied that if I'd given him a bulk figure to start with he'd say how did I get to that figure.
I told him in no uncertain terms that we were here to negotiate a price fair to all for effecting the repairs, not to play word games so ring the owner and take the job away. Very quickly we agreed on a price and I repaired the vehicle.
I worked at a Jaguar approved repair centre many years ago. An XKR came in needing repairs to the rear. We wanted to put a new rear bumper on it they were about $2000, the assessor said it must be repaired not replaced. I can only assume the customer had more than the Jag insured with that company. Assessor hadn't been gone long when the phone rang and the claims manager approved the new bumper.
I know because I've been told, some insurance companies have a scoreboard with the average cost of each assessors repairs. If you get to the top of the board you get invited to a personal development course.
Insurance companies costs and payouts are micro managed.
It's just a game to them, to us it's our valuable asset. 

[froudy]

Any news regarding finding your bike Hooli?

[Hooli]

No

[Shineysideup]

Sorry to hear this Hooli. My 1st 14 went the same way. Never saw it again.  It cuts deep. 

[Tony Nitrous]

If it's recovered, would you consider making a low-ball offer to the insurance company for it?

Insurance is something I'm pretty fussy about.
Mine have to have agreed valuation and the option to buy back any salvage amongst other things.

Permanent write off or repairable I'd buy a bike back any day, either to repair, use for parts or break for spares.