Post Accident Quandary
Discussion
Morning!
Need some advice following an accident!
Firstly I am fine, well more extremely lucky. Smashed up knee and broken thumb but rest is bruising, will all be healed I hope in 4-6 weeks. Thankfully managed to carry on sliding in my lane and didnt end up in the opposite carriageway.
On to the important bit... Bike is a 2013 GSX-R 600 which has pretty superficial damage. Damaged rear set, knackered fairings, scraped engine case, busted rear can, etc, etc. Usual stuff for a low side on the R/H side of the bike.
I got a ball park for replacement parts at £700. Wondering if it is better to put it back together myself or let insurance deal with it? Scared that they will just write the bike off......
Need some advice following an accident!
Firstly I am fine, well more extremely lucky. Smashed up knee and broken thumb but rest is bruising, will all be healed I hope in 4-6 weeks. Thankfully managed to carry on sliding in my lane and didnt end up in the opposite carriageway.
On to the important bit... Bike is a 2013 GSX-R 600 which has pretty superficial damage. Damaged rear set, knackered fairings, scraped engine case, busted rear can, etc, etc. Usual stuff for a low side on the R/H side of the bike.
I got a ball park for replacement parts at £700. Wondering if it is better to put it back together myself or let insurance deal with it? Scared that they will just write the bike off......
RossF1984 said:
Morning!
Need some advice following an accident!
Firstly I am fine, well more extremely lucky. Smashed up knee and broken thumb but rest is bruising, will all be healed I hope in 4-6 weeks. Thankfully managed to carry on sliding in my lane and didnt end up in the opposite carriageway.
On to the important bit... Bike is a 2013 GSX-R 600 which has pretty superficial damage. Damaged rear set, knackered fairings, scraped engine case, busted rear can, etc, etc. Usual stuff for a low side on the R/H side of the bike.
I got a ball park for replacement parts at £700. Wondering if it is better to put it back together myself or let insurance deal with it? Scared that they will just write the bike off......
Some thoughts, not advice:Need some advice following an accident!
Firstly I am fine, well more extremely lucky. Smashed up knee and broken thumb but rest is bruising, will all be healed I hope in 4-6 weeks. Thankfully managed to carry on sliding in my lane and didnt end up in the opposite carriageway.
On to the important bit... Bike is a 2013 GSX-R 600 which has pretty superficial damage. Damaged rear set, knackered fairings, scraped engine case, busted rear can, etc, etc. Usual stuff for a low side on the R/H side of the bike.
I got a ball park for replacement parts at £700. Wondering if it is better to put it back together myself or let insurance deal with it? Scared that they will just write the bike off......
Was there anyone else involved, was it recorded and / or reported?
If the answer is no, some people would take the view that they would treat it as a clumsy error and buy second-hand parts to repair their bike.
If it was, and you should be doing this anyway, you'll need to tell your insurer.
If you claim, there seems a realistic prospect that they'll write it off. But they may offer to sell you the bike as part of the settlement. You can then use the payout to buy secondhand parts to repair your bike. You may end up keeping the bike, being able to repair it, and having cash left over. But the bike will have a write-off marker.
the cueball said:
Let them write it off, buy it back for much cheapness, fix yourself.
Go ride.
Hope you heal up soon..
Thanks. Already wanna go out which is pi$$ing her indoors off!Go ride.
Hope you heal up soon..
Furbo said:
Some thoughts, not advice:
Was there anyone else involved, was it recorded and / or reported?
If the answer is no, some people would take the view that they would treat it as a clumsy error and buy second-hand parts to repair their bike.
If it was, and you should be doing this anyway, you'll need to tell your insurer.
If you claim, there seems a realistic prospect that they'll write it off. But they may offer to sell you the bike as part of the settlement. You can then use the payout to buy secondhand parts to repair your bike. You may end up keeping the bike, being able to repair it, and having cash left over. But the bike will have a write-off marker.
Nobody else involved however I have reported to insurance. Just not initiated the "claim" yet.Was there anyone else involved, was it recorded and / or reported?
If the answer is no, some people would take the view that they would treat it as a clumsy error and buy second-hand parts to repair their bike.
If it was, and you should be doing this anyway, you'll need to tell your insurer.
If you claim, there seems a realistic prospect that they'll write it off. But they may offer to sell you the bike as part of the settlement. You can then use the payout to buy secondhand parts to repair your bike. You may end up keeping the bike, being able to repair it, and having cash left over. But the bike will have a write-off marker.
Decisions, decisions. Not really bothered about the marker, just if it makes insurance premiums unrealistic!
RossF1984 said:
the cueball said:
Let them write it off, buy it back for much cheapness, fix yourself.
Go ride.
Hope you heal up soon..
Thanks. Already wanna go out which is pi$$ing her indoors off!Go ride.
Hope you heal up soon..
Furbo said:
I'd call them for a chat then. Ask them what the likely outcome is if you leave it as a report only, vs making a claim that will result in a payout. They may not be able to give you an exact answer, but they'll probably be able to guide you.
You've done the correct thing, by the way.
Some thoughts, not advice:
Was there anyone else involved, was it recorded and / or reported?
If the answer is no, some people would take the view that they would treat it as a clumsy error and buy second-hand parts to repair their bike.
If it was, and you should be doing this anyway, you'll need to tell your insurer.
If you claim, there seems a realistic prospect that they'll write it off. But they may offer to sell you the bike as part of the settlement. You can then use the payout to buy secondhand parts to repair your bike. You may end up keeping the bike, being able to repair it, and having cash left over. But the bike will have a write-off marker.
Nobody else involved however I have reported to insurance. Just not initiated the "claim" yet.You've done the correct thing, by the way.
Some thoughts, not advice:
Was there anyone else involved, was it recorded and / or reported?
If the answer is no, some people would take the view that they would treat it as a clumsy error and buy second-hand parts to repair their bike.
If it was, and you should be doing this anyway, you'll need to tell your insurer.
If you claim, there seems a realistic prospect that they'll write it off. But they may offer to sell you the bike as part of the settlement. You can then use the payout to buy secondhand parts to repair your bike. You may end up keeping the bike, being able to repair it, and having cash left over. But the bike will have a write-off marker.
Decisions, decisions. Not really bothered about the marker, just if it makes insurance premiums unrealistic!
That amount of damage on a bike of that age it’s a write off any day from an insurance company.
You’ve already reported it to the insurance company so you’ll have to declare it from now on whether you claim or not so the damage has been done.
If you like the bike you might as well just buy second hand bits and fix it yourself. That way it won’t have a write off marker against it which would crash its value if you ever decide to sell it.
RossF1984 said:
Nobody else involved however I have reported to insurance. Just not initiated the "claim" yet.
Decisions, decisions. Not really bothered about the marker, just if it makes insurance premiums unrealistic!
Ah, well this decides it for me, whether you claim or not your renewal cost will go up, so you may as well claim and let them deal with the hassle. You'll lose your Excess and 2 years NCD.Decisions, decisions. Not really bothered about the marker, just if it makes insurance premiums unrealistic!
I've litterally just put the phone down to a company called 4th Dimmension who are a claims handler for insurance companies. My bike was damaged in a non-fault accident 4 months ago and they have done nothing to advance my claim nothing. I've so stressed about it I can't tell you. My insurance renewal has come through and has gone up £500 as there is a claim outstanding!
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Gixer968CS said:
I've litterally just put the phone down to a company called 4th Dimmension who are a claims handler for insurance companies. My bike was damaged in a non-fault accident 4 months ago and they have done nothing to advance my claim nothing. I've so stressed about it I can't tell you. My insurance renewal has come through and has gone up £500 as there is a claim outstanding!
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Well this fills me with joy. NOT! 4th Dimension are exactly who I spoke to yesterday...... My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Think I will just withdraw my claim and build the bike up myself.
Edited by RossF1984 on Friday 6th March 11:43
Gixer968CS said:
I've litterally just put the phone down to a company called 4th Dimmension who are a claims handler for insurance companies. My bike was damaged in a non-fault accident 4 months ago and they have done nothing to advance my claim nothing. I've so stressed about it I can't tell you. My insurance renewal has come through and has gone up £500 as there is a claim outstanding!
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Sorry this has happened to you, but sample size of one is not necessarily representative.My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
RossF1984 said:
Gixer968CS said:
I've litterally just put the phone down to a company called 4th Dimmension who are a claims handler for insurance companies. My bike was damaged in a non-fault accident 4 months ago and they have done nothing to advance my claim nothing. I've so stressed about it I can't tell you. My insurance renewal has come through and has gone up £500 as there is a claim outstanding!
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Well this fills me with joy. NOT! 4th Dimension are exactly who I spoke to yesterday...... My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Think I will just withdraw my claim and build the bike up myself.
Edited by RossF1984 on Friday 6th March 11:43
I had a non-fault claim in October. I refused to let 4th Dimension take my bike. I want to keep it (bought it new in 2003) and it's low value, so I figured their collection/delivery fees and storage would write it off before anyone had looked at the bike. For a small value claim like £700 there's no way I'd claim, but you can administer the claim yourself if you can find someone to take on the repair. I couldn't find anyone willing to quote for insurance purposes so submitted costs of parts to the other parties insurers (still waiting for an outcome as the legal guys are hopeless!). You could see if your insurers would entertain paying for the parts with no labour, but it might be more hassle than just withdrawing the claim.
Gixer968CS said:
They'll want you to take a hire bike and to have yours put in storage for an inspection. Cost £400 a day which if you're claiming on your own policy is going to be a big bill which will a) be unsettling b) push your reneral premium through the roof. Just be very careful and thoughtful
You’re saying that the OP’s insurance company is going to charge themselves £400 per day to hire him a bike. Really?Opapayer said:
Gixer968CS said:
They'll want you to take a hire bike and to have yours put in storage for an inspection. Cost £400 a day which if you're claiming on your own policy is going to be a big bill which will a) be unsettling b) push your reneral premium through the roof. Just be very careful and thoughtful
You re saying that the OP s insurance company is going to charge themselves £400 per day to hire him a bike. Really?As an aside, why on earth did OP report it to his insurance company in the first place? Yes I do know it’s in the t&c’s but it was a single vehicle accident with minor damage so who’s to know? Would you report it if you had done 700 quids worth of damage if it slipped off the side stand?
Gixer968CS said:
I've litterally just put the phone down to a company called 4th Dimmension who are a claims handler for insurance companies. My bike was damaged in a non-fault accident 4 months ago and they have done nothing to advance my claim nothing. I've so stressed about it I can't tell you. My insurance renewal has come through and has gone up £500 as there is a claim outstanding!
My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
I'd recommend 100% this. The fact you've already informed them will have put your next renewal up. Claim and it'll go up considerably more. My strong advice is DO NOT CLAIM ON YOUR INSURANCE. You've probably got an excess on your policy so you'll probably get a few hundred quid, will ahve o find a new bike and then find that your next insurance renewal has gone up by more than the payout your received.! Get on ebay and spend some time finding the parts you need at good prices.
Regarding the Courtesy/Loaner bike 44 Teeth and White Dalton solicitors did a video on it. Someone who had their supercar damaged claimed for an equivalent supercar, it went to court after the and the claim went against the supercar owner. Post accident courtesy bikes are a moneyspinner. They cited one of their members of staff being asked to sign for a courtesy/loaner bike that had been dropped off.
I have withdrawn my claim and will stump up the cash to repair the bike myself as its nothing major but I know full well they will write it off if they take it.
Already ordered the majority of the bits and will only take a day spannering to put right when I'm back on my feet. Wife was NOT happy with me hobbling around the garage assessing the damage!
In hindsight I wish I had never contacted the insurance as now I have to declare the incident when I renew but at least it wasn't a full blown claim as someone previously stated. What's done is done I suppose!
Already ordered the majority of the bits and will only take a day spannering to put right when I'm back on my feet. Wife was NOT happy with me hobbling around the garage assessing the damage!
In hindsight I wish I had never contacted the insurance as now I have to declare the incident when I renew but at least it wasn't a full blown claim as someone previously stated. What's done is done I suppose!
The thing is they'll ask you on renewal whether you've had an accident....
A relative came unstuck when they failed to mention come renewal time that a spouses car had been written off after being hydro locked on a flooded road due to a bow wave of a vehicle passing in the opposite direction. They'd forgotten that claim.
I was on a course 2017-18 with someone who worked in a company that looked into the validity of insurance claims, or perhaps worked in a job finding excuses not pay out on claims.
A relative came unstuck when they failed to mention come renewal time that a spouses car had been written off after being hydro locked on a flooded road due to a bow wave of a vehicle passing in the opposite direction. They'd forgotten that claim.
I was on a course 2017-18 with someone who worked in a company that looked into the validity of insurance claims, or perhaps worked in a job finding excuses not pay out on claims.
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