Insurance pay out

[tatters]

After my crash earlyer this month the bike was taken away for inspection by the third partys insurance company, yesterday they tryed to offer me £4500 for the bike but after proving that it was worth at lest £5500 (mint ones sell for £6000-6500) l have got them to agree to this but before the bike was taken l made it clear that l wanted to buy the bike back as salavage but the insurance company have told me that the £5500 offer was condtional that l buy the bike back for 30% of its value which is £1650 but due to the heavy damage the bike took its no way worth £1650 which would leave me with £3850.

They are now saying that because l said l wanted to buy the bike back over the phone and l said that l was happy if the bike was valued at £5500 l have to accept there offer of £3850 and the cheque for that amount is in the post.


Any ideas what to do l,ll rather not have the bike and just a cheque for £5500
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650,KZ750 Present:G650XC,C12,CRF450X,1190ADV

[Quornholio]

What was your response when they told you what you were going to lose by buying the bike back?

[tatters]

[tatters]

It was UK Assistance that have been speaking to me by the way not the insurance company Churchhill, so l,m guessing the cheque would be sent by churchhill who l can contact and refuse to accept it?
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650,KZ750 Present:G650XC,C12,CRF450X,1190ADV

[Minty]

It isnt 'accepted' until you cash it anyway.

Ring them and tell them you valued the salvage to be much lower than their estimate and as such are declining the part payment and expect the full value cheque as replacement.
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My fingers smell of your mum.

[Rogerborg]

Is this a serious question?

Well, you were a bit of a muppet by appearing too keen to buy back the remains, but it doesn't sound like you've entered into an agreement to do so at that price.

So get back on to them and tell them to stop having a laugh unless they want to end up before the Financial Ombudsman or a County Court.

Keep it short and clear. You reject their offer. You expect the full value of the bike, and what they do with the remains is up to them.

Get it done, no messing around, and kick off a complaint against them (through their own complaint department initially) for good measure.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[Wafer_Thin_Ham]

Sounds like they're trying it on to me.
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My Flickr

[Minty]

Apparently there is nothing in place at Churchill whereby claimants are expected to retain salvage. It is an option, not an expectation.

Just treat it as haggling, they have made an offer and now you can decline it.
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My fingers smell of your mum.

[tatters]

Cant seem to contact chruchill directly about this but will call the guy at UK Assistance tomorrow and state l,m under no circumstances acceting the bike due to the heavy damage and expect to be payed the full £5500 which they agreed as the value of the bike.
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650,KZ750 Present:G650XC,C12,CRF450X,1190ADV

[P.]

Demand the 5500 value, they agreed to it.

They are trying it on, done it with me many many times Although I've never asked to buy the bikes back.

[Quornholio]

For it to be worth £1650 damaged, it must only be category D?

What bike is it?

[tatters]

1992 BMW R100GS Paris Dakar


front wheel buckeled
right hand cylinder head smashed (pushrods bent too)
right hand engine bar destoryed
left hand rocker cover damaged
left hand engine bar damaged
fuel tank damaged
front faring damaged
gearbox casing shattered
subframe bent
luggage painners bent
final drive damaged
handel bars bent
both hand guards damaged
exhaust damaged
seat and right side panel missing
right indicator smashed
right foot peg bent
ohlins shock damaged
front mud guard damaged
both Aux lights smashed
both horns smashed
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650,KZ750 Present:G650XC,C12,CRF450X,1190ADV

[Quornholio]

So basically... The rear wheel and left hand footpeg is worth £1560?

Tell 'em to stick it sideways.

[Pete.]

This Bandit was bought back for £265 - 10% of the agreed value. It was only lightly damaged - bent forks, bars, couple of busted indicators, few scratches and a dent in the silencer.

30% for salvage is taking a liberty - offer them 10% or shove it.
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a.k.a 'Geri'

132.9mph off and walked away. Gear is good, gear is good, gear is very very good