Write off predictions please...

Doofus

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What do reckon?

2005 R1200GS 24k average condition in a little accident. Left hand side hit pulling out car, landed and slid on right hand side.

Damage:
Engine bars bent;
Cylinder covers peeled away;
Scuffed heads;
Cylinder cover mounting points ripped from barrel
(all above both sides)

Plus sundries:
Mirrors
Screen
Varios Top box
Pegs
Muffs
Scuffed side of tank plastics
Passenger foot pegs seemingly pointing in odd direction, frame?

Front end seems ok.

Write off?

Happened near home so bike still with me, but if I'm likely to never see it again when it's taken away, I want to strip off my extras!

Cheers Darren.
 
Happened to me last year few scratches and bent bits £4700 bill on a bike that was worth £4k! Paid out £4700 on the bike bought it back about 35% of settlement fixed it up sold it on!!

Yours likely to be write off based on new BMW prices!!
Maybe 5k strip the extras that arnt damaged first
 
Write off

1) You can take your bits off. If you did not tell insurer that you had fitted various extras they can get arsey and even void your policy. In a word be 'careful'.

2) You can and should insist on keeping the salvage. They will charge you roughly 30% of the agreed value (push for top book) less any policy excess.

3) Get it fixed using recycled parts. It will be recorded as a 'Cat C or D' total loss. If you keep the bike a long time this becomes less of an issue. If you move it on without declaring the previous history you could have all sorts of problems.

Good luck.
 
I feel your pain - I was knocked off mine a month ago (thread running on here, to update shortly). If the car driver is at fault, you can control things to your advantage. You own the bike and have control over what happens to it and have a say in how the claim is handled. In my case the damage was £6.5K and I dealt direct with the 3rd party's insurers. (Watch out for the ambulance chasers and accident management companies - I know a few people who have been burned by using them).

I agreed on payment of the value of the parts, plus the isurers will pay for any invoices for VAT on replacement parts plus any labour within the scope of the estimate. That way I kept the bike with no insurance marker on it and am able to fix it with used/new parts at a fraction (just over £1.1k) of the estimated cost. That way it will cost the 3rd party's insurers less money overall and the claim is settled quickly to my satisfaction. Good luck with getting it sorted.
 
Hi

Thanks for the feedback - I guess it will be while before I find out for sure...

Darren
 
Hi

By way of an update, bike has been cat c written off with around £6500 in damage. The killer is both heads and the rear frame need replacing.

Fair play to Groupama and Carole Nash who have both been very easy to deal with. Bike valuation from their engineer also seemed very fair at pretty much what bike was insured for.

Thanks for replies to my initial post.

Darren
 
Glad to hear it is all sorted to your satisfaction. Will you be rebuilding the bike as well, or leaving in their hands to get rid of?
 
Please forgive me if this is a very stupid question, but what happens if for example i write my 2006 bike of that i have on finance and the price im offered will not cover what i owe, eg i get paid out £6000 for the written off bike but still owe £7500 to the finance company, even though i have the bike insured for what i paid for it in the dealers £6000 :nenau have i just confused myself even more :confused:
 
Pistol Pete - you will still owe the finance on the bike. HP is a little different and some companies include an additional charge to cover such eventualities.

There are lots of insurance polices in place for just this thing these days - some are a bit of a scam and you can be left in the middle if both insurance parties dispute the amounts,as one of them has to foot the bill, so best to use the same parent insurer imo if you are going down this route. Thankfully, I will never buy a bike/toy etc. on finance again.
 
Unless you have specialist insurance for the value, the payout is the market value of the vehicle at the time of the accident. The valuation bit on the proposal form is not relevant when it comes to payout.
 
Look up GAP insurance if you are interested - but as I said most are a money maker for the insurer - very prevalent in the car world. This is an additional policy to fill any void - supposedly. When it works well all is good - but then your main insurer says your bikes worth £4k and the gap insurer says it's worth £5k then you have issues!
 
piebaps said:
Unless you have specialist insurance for the value, the payout is the market value of the vehicle at the time of the accident. The valuation bit on the proposal form is not relevant when it comes to payout.
Click to expand...

It's relevant as an upper limit if you under estimate!
 
Wilsdorf said:
Glad to hear it is all sorted to your satisfaction. Will you be rebuilding the bike as well, or leaving in their hands to get rid of?
Click to expand...

I wasn't interested in keeping the bike for repair I had it for 5 years and was perfectly happy with it so might have otherwise have kept it for years to come, but it gave me a good excuse to get a GSA to replace it!

Cheers, Darren.*
 
dazlewis said:
I wasn't interested in keeping the bike for repair I had it for 5 years and was perfectly happy with it so might have otherwise have kept it for years to come, but it gave me a good excuse to get a GSA to replace it!

Cheers, Darren.*
Click to expand...


Very nice, shame one had to die, but always nice to have a new bike.
 
Bobster said:
...2) You can and should insist on keeping the salvage. They will charge you roughly 30% of the agreed value (push for top book) less any policy excess...
.
Click to expand...

Varies with Insurance Company. I just got £7,500 for my 08 1200GS, written off Cat D. The alternative offer was bike plus £2.5k, which they subsequently improved to bike plus £3.5k....I was hoping for bike plus £5k. I took the cash and bought a similar bike for £6,650 :thumb2
 
Nippy Normans supply Touratech, Wunderlich, Desert Fox and many other makes of accessories.
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