30 day wait on insurance for a stolen bike?

[Wonko The Sane]

short version,

Friend's bike was picked up and chucked in the back of a transit from a 'secure' car park (staff car park, swipe card access) carried out on the footpath.

insurance seem to be saying 30 days before settling - is this for the police to do something incase it turns up?



police haven't been despite cctv and also a phone call a day or so later from someone saying "pay us £600 and we'll take you to where we have your bike in storage"
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[NJD]

Sounds like someone else in the company has set the whole thing up and doesn't have any idea what to do with a stolen bike.

.. Well, that's my first thought anyway.

[Rogerborg]

[Billy Balthorpe]

30 days to settle after a theft? Sounds pretty good to me, ive had 3 bikes stolen and it took at least 3 months to get any cash out of the insurance company on both of them. One was stolen 5 weeks before I was due to go on a bike trip to Spain, I told them this and they just said "we will not pay out on the claim in case the bike turns up", I ended up buying a GSXR1100 slabbie, it was shit so I swapped it for a ZZR600 and went on holiday on that. I got paid out after 5 months and much arguing. The first offer was £2500 for a 3 year old ZX9R C1, cheeky bastards.
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M.O.B. Successfully taking the piss since 2014.

[Vracktal]

[The Shaggy D.A.]

Does your policy cover you for a hire bike? They might be tempted to settle a bit sharpish if you were using that facility.
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[The Shaggy D.A.]

[.Bishbash.]

30 days, yes it will be due to the possibility to it turning up. bare in mind they will want to see the bike if it does and do all sorts of checks on it to make sure you haven't gone outside your policy terms. So that will also take time.

As for the Police, yeah don't expect them to be turning up at your doorstep wanting to try to solve this case.

And how did the wood be theives get your mates number? Seems strange.
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Current bike - GSX-R1000 k8

[Wonko The Sane]

[.Bishbash.]

That sucks, problem he has there is you don't know if they actually know anything about the bike, could be just trying it on.
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Current bike - GSX-R1000 k8