carnivorous chicken
Over 1,000 Posts
Helve said:
If you haven't already started negotiating with them, don't give them the number you want, aim higher. That way the final price will be a result of bargaining on both sides...
So my girl got hit
- Thread starter Helve
- Start date
If you haven't already started negotiating with them, don't give them the number you want, aim higher. That way the final price will be a result of bargaining on both sides...
Tune-A-Fish
BOTM LOSER Proudly Deplorable
Two of the worst scam artists in history... Insurance and Banks.
runmikeyrun
Been Around the Block
^agreed!
I've been thinking about getting one of those vintage vehicle insurances for a while now. Someone hit me on my 77 RD400 a few years back, smashing up the rear fender, grab rail, a couple turn signals, and denting the tank (when it fell over after I was knocked off).
It quickly became apparent that they have NO idea about vintage bikes when the adjuster asked me which shop I was having it fixed at to get the estimate from. I told her that there are no "shops" to fix these and that they haven't manufactured the parts I needed for over 30 years. I told her I would have to purchase parts used on ebay and have them painted/plated to return them to "new" condition. I ended up having to compile screenshots of 4-5 ended auctions with sale price for each part I needed. They then reimbursed me the average amount for each part. I told her I would have to do all the work myself because no one fixed these types of bikes, to which she said "ok well we don't pay for that..."
The insurance company also offered to reimburse me for a new helmet, but I had to purchase it first then submit the receipt; I was a jobless student at the time and could not front money for a helmet for a few weeks. Plus she couldn't tell me which helmets I could purchase, she just said that "most of the time people get reimbursed" So I ate a helmet in the deal. I was "lucky" that I got $500 from the low back injury I sustained in the accident, so that offset the cost of a new helmet.
The total they paid me for replacement parts was about $600, she said if it would have been much more they would have totalled the bike as their value was only $800. Never mind that it was an almost completely restored bike with 3,000 original miles on it. They don't care how many hundreds of hours you have in it or if you've got a $1300 front end on a 68 CB350. Unless you have a special arrangement, they go by blue book and thats it.
I've been thinking about getting one of those vintage vehicle insurances for a while now. Someone hit me on my 77 RD400 a few years back, smashing up the rear fender, grab rail, a couple turn signals, and denting the tank (when it fell over after I was knocked off).
It quickly became apparent that they have NO idea about vintage bikes when the adjuster asked me which shop I was having it fixed at to get the estimate from. I told her that there are no "shops" to fix these and that they haven't manufactured the parts I needed for over 30 years. I told her I would have to purchase parts used on ebay and have them painted/plated to return them to "new" condition. I ended up having to compile screenshots of 4-5 ended auctions with sale price for each part I needed. They then reimbursed me the average amount for each part. I told her I would have to do all the work myself because no one fixed these types of bikes, to which she said "ok well we don't pay for that..."
The insurance company also offered to reimburse me for a new helmet, but I had to purchase it first then submit the receipt; I was a jobless student at the time and could not front money for a helmet for a few weeks. Plus she couldn't tell me which helmets I could purchase, she just said that "most of the time people get reimbursed" So I ate a helmet in the deal. I was "lucky" that I got $500 from the low back injury I sustained in the accident, so that offset the cost of a new helmet.
The total they paid me for replacement parts was about $600, she said if it would have been much more they would have totalled the bike as their value was only $800. Never mind that it was an almost completely restored bike with 3,000 original miles on it. They don't care how many hundreds of hours you have in it or if you've got a $1300 front end on a 68 CB350. Unless you have a special arrangement, they go by blue book and thats it.
Helve
Eucalyptus
Finally got a number. $3200, plus $300 for expenses due to not having another means of transportation. Pretty good overall, other than the giant headache it's been since the bike was my only means of transportation.
Now to get a replacement title (was stolen a little while back), and get paid out so I can buy it back and put some lovin' into it.
Now to get a replacement title (was stolen a little while back), and get paid out so I can buy it back and put some lovin' into it.
Speedfiend
Coast to Coast
It may be different in your state, but here in NC you don't have to accept their assessment for totaled. You can insist they pay to fix the bike. The insurance company will not tell you this.
