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aardys
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Joined: 04 Mar 2017
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PostPosted: 09:52 - 25 Apr 2017    Post subject: bike value Reply with quote

my bike is written off, not my fault .
it is 2 years old was in perfect condition before the crash
i just wanted to know what value the insurance companies give for a 2 year old bike
wil i get full price or a percentage ?
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Last edited by aardys on 08:57 - 26 Apr 2017; edited 1 time in total
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CaNsA
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PostPosted: 09:58 - 25 Apr 2017    Post subject: Reply with quote

They will usually get a price from the average sale price of the same condition bike on ebay.

Never accept the first offer.
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chickenstrip
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PostPosted: 10:25 - 25 Apr 2017    Post subject: Reply with quote

They may not even offer you the average price, or even the value you stated when you took out the insurance, which is what I found. They sent a cheque which I didn't cash immediately. What I did was to gather some advertised examples from MCN etc, to show what it would cost me to replace with a bike of similar mileage and condition. When I submitted these to the insurance company, they immediately issued a further cheque to cover the discrepancy from their first offer, without further argument.
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Motorhate
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Joined: 02 Aug 2013
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PostPosted: 10:37 - 25 Apr 2017    Post subject: Reply with quote

The assesor that looked at mine used Gumtree and Ebay as a reference. He was quite decent actually. Wrote it off as a CAT C and bunged a bit extra on top so as I could buy it back off the insurance company.
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Rogerborg
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Joined: 26 Oct 2010
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PostPosted: 11:29 - 25 Apr 2017    Post subject: Re: bike value Reply with quote

aardys wrote:
my bike is written off, not my fault .

If it had been written off, you'd already have an offer. You mean it's wrecked and you expect it'll be written off.

If you'd bothered to tell us what make and model, mileage and anything else distinctive about it, we'd probably do the Googling for you just for larks.
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The Shaggy D.A.
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PostPosted: 12:26 - 25 Apr 2017    Post subject: Reply with quote

...5 ponds?
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