mugged off by insurance?

[3806danny]

£700 fire@theft,£450 excess,which they didnt tell me

[UrbanRacer]

[Bendy]

Should have asked really.

[3806danny]

21, 1 years, bandit s600,2 convictions.if my bike got stolen would the excess be be taken out of my money? cheers

[G]

[syl]

[3806danny]

now it seems pointless having fire&theft,i only paid £1000 4 it cant be worth much more

[Handsome]

Don't know if it's ever come up before but try Ebikeinsurance, They saved me well over a thousand pound.

26- no NCB- Fully Comp'- Breakdown and puncture- on a CBT- 440pound, bikes Alarmed and Garaged( kitchen), every body else wanted the cost of the bike or more.
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Previous Bikes...Honda NSR 125 RR...Kawasaki Zephyr 550...Suzuki SV 1000 S...Yamaha FZ8...Current Bike...Suzuki GSX-R 750...

[G]

[king756]

There robbing cunts. I'm paying £1300 on a Z750 with cia (which where the cheapest).

Wanted to trade my bike in the other week for a speed tripple, so got a quote online and they wanted £1400 fc, thought not too bad £100 more, I'll phone them up to see how much to swap policy over for the remainder. No sorry you got a no quote probally due to only having 1yrs ncb, you can still take out a new policy though (which means i'll still have 1yrs ncb as I have 4 months left on the current policy so i wouldn't gain another years ncb).

They've gotta be making some money these insuarance companies. I cancelled a policy half way through on a vfr 400. Paid £400 for it originaly, got £10 back.

[3806danny]

dont know why they aloud to get a way with it

[G]

[trevoriv]

Excesses on bike insurance are always quite large due to bikes being high theft frequency vehicles, having said that £450 is quite a lot especially since your premium is a fair bit as well, may be worth shopping around for a new quote.

Insurance companies need to reclaim premium from anywhere they can to offset the large claims they have to pay out. Say for example you get knocked off your bike by a car and the car driver is at fault, you are entitled to claim personal injury and loss of earnings etc which can easily result in £100,000 claims, the insurance company has to recoup this money from other individual policy holders.

Its crappy but its the way it works, its the people that drive uninsured and put in false claims that buggers things up for the rest of us though

[3806danny]

that was the cheapest,ill give them a ring before i send off the disclaimer

[paulthewitt]

hi there

under financial services authority rules you MUST have the excess given to you at point of sale. you may be able to get something back from them as they have breached FSA guidelines. howver, they will say you should have checked your documents and called back if there was a problem, so it will be tough.

remember, be polite if you go ahead and complain. the customer service person will be sick of clearing up the sales teams errors/false selling. They aren't the one who miss-sold the policy.

As for cancelling, they shouldnt as you have entered a 12 month contract (presumably 12 months anyway) and are paying for such. what they could do is remove the excess from your payout. and also remove any remaining installments before giving you a final settlement figure. if you payed up front then only the excess will be deducted.

as said the policy is normally a 12 month one. so if you've used say 4 months, you have 8 months left, put your new bike on the policy and you should only have to pay any additional amount or admin fee. you may even get a refund if the buike is a honda cg!!!!

PS: you can always phone the company and ask them to lower it in future, it will cost more though

hope this helps a bit

Paul

[3806danny]

cheers mate i wasnt told the excess over the phone,but only when it came in the post,so they r in the wrong then not me 4 not asking? cheers i havent sent it back yet

[paulthewitt]

they arew in the wrong. However, if you didnt contact them within 14 days from receiving your documents. you are just as much to blame.

however, its always worth calling and asking for compensation for being missold. be firm but fair and NICE. remember you will have to say you want it, but dont take no for an answer, even after speaking to a manger. after that they will have a customer complaints team, get it referred to them. ask for something like £200 (£250 wouldve been a more reasonable excess) but expect closer to £100 - joint liability ya see!?

if they dont play ball say you will speak to the financial services authority. contact me if you need their number. i'll dig it out oncwe back at work

Paul

[3806danny]

my insurance started from 29 of december ill ring them tomorrow,i could swollow £200 not half the price of the bike £450

[GearboxGeezer]

ur luck, I pay £900 for mine, plus £450 excess, and its a 50cc!!!

Geared bike and its a sports bike shape, so this obviously means its gona be £500 more ...

[3806danny]

thats not right i paid £1000 for a 125 last year

[paulthewitt]

any luck with the insurance?

[freestyler_onli]

Dont talk to me about getting mugged for insurance!

By the end of this 2nd year, id have paid the same as a brand new GSXR!

I did get a payout of £4175 after my accident, so at least i got something out of it!

Insurance is a bitch, but it's a requirement unfortuantely! To be honest, im glad i had it!

[Stevie GooGs]

Insurance companies will always win
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Current: 2019 Yamaha T7 -> 2015 KTM Superduke R | 2000 Yamaha R1 Past -> 2009 KTM 990 SM -> 2005 kawasaki ZX10r -> 2000 Honda CBR 600 FY -> 2002 Honda XLV 125 Varadero
Bike Pics! -> My Photography Website

[3806danny]

they reckon becouse i went for fire&theft the exceess is high,ill just have to be care full

[kawakid]

Think it depends on bike and where you live and your age.

I only passed my test last year and my insurance is only £320 fully comp for an ER-5.

To be honest, I wouldn't buy another bike without getting insurance quote, same for car.

One thing I did find with bike insurance is unlike car insurance, when i was in the position of selling my last bike and buying my Er5 they wouldn't let me have the 2 bikes on the 1 policy. Normaly with a car insurance, they will let you pay 10 or 20 quid and have 2 cars on for a couple of weeks, i've done that twice in the past.
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I've a twin and a 4.