augfan77
Member
Cash: $ 4.90
Posts: 21
Joined: 07 Mar 2006
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| wrecked bike |
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I have got my bike damaged on May 10 this year. On 16th May the adjuster visited me and the dealer shop gave an estimate worth $3400.00 on the damages, also $1500 on accessories and an additional $2000.00 for the bent new frame. The book value of my bike stood at $5700. The day before yesterday the adjuster again called my place again and let me know that the insurance company is not too sure as to whether the frame is damaged or not , and as a result they are gonna pay me back an amount worth $2700 only. That’s why I’m a bit confused since I’m not too sure as to where I am heading ! Plz suggest me a way out of this situation.
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Thu Jun 08, 2006 4:25 am |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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| Re: wrecked bike |
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quote:
Originally posted by augfan77
the adjuster again called my place again and let me know that the insurance company is not too sure as to whether the frame is damaged or not
They are not qualified to make that determination. What Coaster said is true; get qualified mechanics to show that it is.
Who is your insurance company? From what I have seen, the "get it now/get it cheap" insurance companies are garbage when it is time to do their job. (Progressive would be my #1 example)
"Expect me when you see me."
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Thu Jun 08, 2006 12:32 pm |
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BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
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Rolo, I couldn't agree more. As it turns out, if you happen to be blessed with never having to make a claim, then the cheapest insurance is definitely your best bet.
If you ever (in your entire life) have to make a substantial claim against an insurance policy, you get what you pay for. In spades, sometimes.
Jim Blankenship, CFP�, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Thu Jun 08, 2006 2:07 pm |
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