hey guys

my xb12r was stolen a few weeks back but quickly recovered by the police a few days later. After recovery and assessment the insurance company has decided to write off the vehicle.

It is insured to a value of £5k the repair cost is £4.7k and the insurance have offered me £4k. As i've not made an insurance claim before i was wondering if i could draw on your experience as to whether or not i should accept this offer from the insurance company?

Also they have asked if i want to salvage the vehicle at 15% of the insurance amount (approx £600), there is no structural damage except on the frame - mostly cosmetic - the thieves had sanded the VIN number off the frame and damaged the frame when they forced the steering lock - the investigators have recommended replacing the frame.
Is it going to be worth salavaging the bike as i would have to pay for breaking it into parts to be done by someone else? Engine's in pretty good nick 4K miles in 5 years and serviced at the Emporium for the last 3yrs so just about run in, brand new tyres, MOT etc...
Any advice regards this would be great.

thanks again
aks

Was it found in the river Tame

Quibble with them re the offer of £4000 provide evidence of what they are going for on Ebay etc. You are lucky as all the foriegn buyers arepushing up the XB prices but whatever you do get the salvage back as there is a lot of cash sat their waiting to be broken up. As GM said the motor will get you what you have paid for the wreck wheels with tyres got to be worth £250 as well.

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Buell S1
Buell S3 (Topless for now)
Buell XB12S
Piaggio X8 400ie
Yamaha XTZ750 Super Tenere (x2)
Suzuki GSXR750WR
BSA B441VS
FJR1300

I dunno about bike insurance but when I've had the misfortune to deal with taxi insurance companies, they often just try it on with their first offer, and sometimes with the second one too... After that maybe they decide you're not going away that easily and come up with something a bit more reasonable...

Sounds like that bike has very low mileage for its age, and no doubt you have receipts showing the servicing and other expenditures, so point all that out to the insurance as you demand a higher offer...

Saying all that, I don't know what the market value is, but I'd take a guess that any insurance company's first offer is gonna be something that suits them, not you, especially if there isn't a 3rd party involved that they can claim the money off...

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2001 M2
2001 XLH 883
2016 MT-03 660cc single

Definitely don't accept the first offer (was offered 2K under market value for a BM I wrote off back in 2005) but as daywalker says, support your refusal with eBay, Autotrader, MCN prices etc, They WILL cave, they're just looking to save money their end.
Stand firm.
Salvage is always worth it if you have the time to advertise/send etc.

Also, if the polis have a body for court after the recovery, you can ask them to make a compensation order request on your behalf, Worth a punt.

sorry to hijack.... hello Dunno......long time no see whichway?

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tick-tick-tick-tick-tick-tick-carbonmedics-ticking-all over-the world

Hi whichway!
I've been generally moping and lurking on and off for, er, I dunno how long... umm, what year is it now?
After popping down to the RAF Hendon meet I thought I'd better get on here and post!
How's things with you?

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2001 M2
2001 XLH 883
2016 MT-03 660cc single

go for more money , then get a Tuber

simples
http://www.youtube.com/watch?v=Hl545RF6dXA

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Feros Ferio

hi Dunno most of my things are very well thanks i hope you're all good

whichway?

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tick-tick-tick-tick-tick-tick-carbonmedics-ticking-all over-the world

Errrm, ok ta... Waiting for the next big bill to put me out of business, the way things have been going ... Although I've been saying that for the last 2 or 3 years and it hasn't happened yet... Apart from that, things are fine, er, mostly, (twitch)

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2001 M2
2001 XLH 883
2016 MT-03 660cc single

NEVER, EVER: they wont offer less the next time.



even if they never pay it, this will apply a bit more grief on the scrote, coz the system wont forget about it.

.........There's a Cabbie vacancy in Swindon. HTH.

Welcome back Dunno.

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I started out with nothing and still got most of it left.

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If your dreams don't scare you, they are not big enough.

DUNNO!!!!. not seen you for years .... probably that curry we went for ?
Years ago. Still cabbying?

Hi Mick, Hi Adam, Ta very much!

How are things with you guys?

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2001 M2
2001 XLH 883
2016 MT-03 660cc single