Motor bike insurance payout
Hi i recently wrote my 2 week old motorbike sour, i had it from brand new 08 plate it be insured for lb1400 my insurance company are offering me a thousand minus 250 exces, does this sound about right or are they trying to rip me rotten? Thanks
Answers:
While it's always worth trying to haggle, I'm afraid they are well in their rights.
Your contract will tell you about the excess which you agreed to when you signed the contract, although the bike is insured for it's purchase price, it's actual utility starts falling from the day you bought it, this is what insurance companies pay out unless you seize a policy of new for new. Source(s): More bikes and cars insured than I can count.
Many motor policies own a clause that states that if the bike is less than a year old they will earnings the full price of a brand new bike. Check it out.
xxVP
Related Questions:
Answers:
While it's always worth trying to haggle, I'm afraid they are well in their rights.
Your contract will tell you about the excess which you agreed to when you signed the contract, although the bike is insured for it's purchase price, it's actual utility starts falling from the day you bought it, this is what insurance companies pay out unless you seize a policy of new for new. Source(s): More bikes and cars insured than I can count.
Many motor policies own a clause that states that if the bike is less than a year old they will earnings the full price of a brand new bike. Check it out.
xxVP
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