insurance claim question

[Biker_Dene]

does anyone know

if you have a brand new bike (less than a year old) stolen, does the insurance company have to replace the bike like for like?

and if i claim on the bike im going to loose my no claims will the insurance company charge me double for the same bike after a claim?
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Ste]

I believe that they'll work out the value of the bike and then make you an offer. You can 'haggle' that offer, showing them adverts from bike trader and suchlike for bikes the same as your stolen bike.

[strag]

Very doubtful unless you have Gap insurance https://www.surfandprotect.com/motor/gapinsurance/default.asp

As for loading, who knows? You will lose your NCD, unless protected and even then your premium is likely to be loaded.
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carbon bling

[garyd]

Yep only gap insurance will do it
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CRF230 all you need

[trevoriv]

Most companies run 'new for old' on private car and commercial vehicles policies so i would presume the same applies to bike pols so if the bike is less than 12 months old they will replace it with a new one, some companies only do it on 6 months though.
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Past: '96 Thundercat, '02 ZX636R (A1P), '58 KTM 690 SM LC4 Current: '06 ZX636R (C6F)
Mudskipper wrote: Someone just has to sig that...

[iooi]

[Biker_Dene]

sorry what does loaded mean ?

and iv got gap cover through my finance company

but id rather just get the cash to pay the finance off and start again because im not going to get insured on another brand new hayabusa at 22 with 0-ncb and a theft claim against me

pikey bastards pisses me of all this shit

the bike was stolen out of my front garden while it had 4 locks on it and they even stole the cover!

its not like i had a road accident or hurt anyone.
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Chriss]

[Biker_Dene]

only so much you can do

locked in a front garden behind 2 gates 2 disc locks on front one is a xena alarmed one the steering lock and a big chain on the back and a cover which is chained round the wheel.

they just took the lot.

i beleave if they want it bad enough they will get it no matter hat
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Finglonga]

[Polo]

[Ste]

[iooi]

Loaded....

Example.
Your policy was £200, but you had 50% NCB so pay £100

You claim and lose the 50% NCB.

So you expect that a like for like policy will be £200.

Nope....

Because you have now altered the stats for you area and have a claim. A new policy will be £300 as you are now a higher risk.

I would have thought its more likely to be a well worked gang targeting expensive bikes, rather than your average pikey....
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Just because my bike was A DIVVY, does not mean i am......

[Biker_Dene]

yea it seemed organized the hayabusa is heavy and it was locked , would take a few big men to shift it.

my policy was 1000 third party fire and theft
with 4 years no claims

i bet it will rise to 2k??
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Chriss]

[Biker_Dene]

is there any law regarding this?

if my insurance is going to jump i'm going to be stuck as to what bike i can get next
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Chriss]

[Biker_Dene]

mate
you was saying about only loosing 2 years no claims not the whole 4!

is that law or just certain policies
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"RIDE LIKE A KNOB AND YOU'LL DIE"

K9 Suzuki Hayabusa

[Kickstart]

Hi

Nothing law wise about the no claims bonus. How much you lose will depend on the insurance company. Some might take all of it. Some might not take any for a single claim.

All the best

Keith
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