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I've binned my XB
https://www.ukbeg.com/forum/viewtopic.php?f=7&t=5812		 Page 1 of 2
Author:  1stgarry [ 01 Apr 2010 10:50 ]
Post subject:  I've binned my XB
About 3 weeks ago, I dropped my XB12Ss.
It was a combination of cold tyres + cold teperatures + crappy road surface = not enough grip.
It was a low speed spill, I'd just turned out of Bury Hill Car Park down here in Sussex, and was accelerating up to traffic speed, and then lost it and ended up on the ground.
Mostly superficial damage, but frame and swing arm damaged by the slide up the road.
I was lucky and got off with just a fractured thumb, which is healing nicely.

The bike went to the HD/Buell dealer I bought it from, and they sent an estimate for £3,800 for repairs to the insurance company.
The bike was insured for what I bought it for in November 2010 - £5,000.
The insurance company have written it off.
It wasn't even run in!!
I haven't had an offer from the insurance company yet, but I'm hoping to get the full amount back.

Anyway, the point I wanted to make, is for those of you who bought bargain basement Buells when the company sold off their stocks of bikes.
Check what value you've got your bike insured for.
If your bike is insured for what you paid, and you have a minor icident like me, you'll probably get it written off.
If you want to keep it, it might be best to insure it for the pre-sale RRP, then you may get to keep it on the road if the same happens to you :)
Author:  yourguitarhero [ 01 Apr 2010 11:04 ]
Post subject:  Re: I've binned my XB
Insurance companies pay you their valuation of the bike's worth at the time. The amount you insure it for doesn't really matter as long as there isn't a massive discrepancy.

2 bikes and a car written off here, so know the drill.

If it makes you feel better when I crashed the bike I got paid out more than I bought (and insured) it for.

If your bike is written off make sure and tell the insurance co you want to buy the salvage off them - normally only £100-150 and you can make a lot of money selling the parts - an XB engine is worth over £1000 used especially with such low miles for example.

Start collecting for sale adverts of similar Xbs - age/mileage to show the insurance assessor as they migth have some wacky ideas of an XBs worth - kind of difficult to judge just now especially for someone who isn't particuarly knowlegable about Buells.
Author:  Lucky [ 01 Apr 2010 11:13 ]
Post subject:  Re: I've binned my XB
I was told that if the estimate exceeds 75% of the value of the bike, they will write it off, and 75% of £5000 is £3750. Insurance companies are greedy bastards so brace yourself and get ready to take it like a man. :evil:
Author:  Spook [ 01 Apr 2010 11:35 ]
Post subject:  Re: I've binned my XB
Lucky wrote:
..............so brace yourself and get ready to take it like a man. :evil:


You on the pull again?
Author:  norrie [ 01 Apr 2010 11:52 ]
Post subject:  Re: I've binned my XB
Quote:
2 bikes and a car written off here, so know the drill.


What was the value and the damage on the cars?
Author:  Digger [ 01 Apr 2010 11:54 ]
Post subject:  Re: I've binned my XB
1stgarry wrote:
About 3 weeks ago, I dropped my XB12Ss.
It was a combination of cold tyres + cold teperatures + crappy road surface = not enough grip.


Been there, done that, very sorry to hear it Garry - and that you won't be with us in Belgique :(
Author:  yourguitarhero [ 01 Apr 2010 12:10 ]
Post subject:  Re: I've binned my XB
norrie wrote:
Quote:
2 bikes and a car written off here, so know the drill.


What was the value and the damage on the cars?


First car:
1996 Honda Accord 2.0 coupe - 10 years old at time.
£1500 car, £3000 damage

Second:
1989, Honda CRX - 18 years old at the time
£1000 car, £1200 damage.

See, they price them with brand new parts from the dealer and dealer labour rates. The Accord needed a new bumper, headlight, bonnet and wing - £3000 my arse.

I bought both the wrecks back for £100 each, fixed each with parts from scrappie for ~ £250 each then sold them for £1000 each.
Author:  Digger [ 01 Apr 2010 12:43 ]
Post subject:  Re: I've binned my XB
yourguitarhero wrote:
First car:
1996 Honda Accord 2.0 coupe - 10 years old at time.
£1500 car, £3000 damage


Impressive car for a ten-year old. Nice one. 8-) ;)
Author:  pash [ 01 Apr 2010 12:50 ]
Post subject:  Re: I've binned my XB
Digger wrote:
yourguitarhero wrote:
First car:
1996 Honda Accord 2.0 coupe - 10 years old at time.
£1500 car, £3000 damage


Impressive car for a ten-year old. Nice one. 8-) ;)


Probably sitting on a cushion
Author:  Spook [ 01 Apr 2010 13:29 ]
Post subject:  Re: I've binned my XB
pash wrote:
Digger wrote:
yourguitarhero wrote:
First car:
1996 Honda Accord 2.0 coupe - 10 years old at time.
£1500 car, £3000 damage


Impressive car for a ten-year old. Nice one. 8-) ;)


Probably sitting on bricks
Author:  Beef [ 01 Apr 2010 14:12 ]
Post subject:  Re: I've binned my XB
Kinell Garry, that sucks-keep us updated with how it goes (the insurance dealings)
Glad youre ok ;)
Author:  norrie [ 01 Apr 2010 17:03 ]
Post subject:  Re: I've binned my XB
Oh sorry to hear about the bike mate. :(
Author:  garret [ 01 Apr 2010 17:22 ]
Post subject:  Re: I've binned my XB
Yea, bad news about the bike :(

As a recent convert to the XB path, I can say that this is deffo my kind of bike and I'd be absolutely gutted if anything happened.

Good luck with the insurance payout etc!
Author:  Norm [ 01 Apr 2010 17:22 ]
Post subject:  Re: I've binned my XB
Bad news, Garry. :( But glad that you are ok.

+1 to what the ax man said. The value that you insure it for is pretty meaningless when it comes to payout time. The chances are that they won't even get close to the £5k that you paid for it.

And +1 to collecting ads. You'll probably (initially) only be offered second hand value for it, so you need to big that up as much as possible.

Sad that a low speed spill can write it off, but I can already hear the mumblings coming from the eastern suburbs of Manchester.
Author:  88b [ 01 Apr 2010 19:29 ]
Post subject:  Re: I've binned my XB
Sorry to hear about your bike, insurance seems like legalised robbery, hope they give you a decent pay out.
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