how long should insurance money take to come through - SV650.org

03-02-06, 05:14 PM

I know this is a open question but i was knocked off last summer in germany.

After much messing about with languages the german company has passed the case their UK representatives who has attmitted full liablity about 2 months ago but i am still waiting for my money. Should I be more paitent or is someone dragging there feet somewhere.

Do insurnace claims have a timeout period on them?

Cheers

Viney · 03-02-06, 05:19 PM

Er, took mine 30 months to be fully settled!

03-02-06, 05:22 PM

Quote:

Originally Posted by Viney

Er, took mine 30 months to be fully settled!

Did the other party contest the claim?

mac608 · 03-02-06, 05:43 PM

Mine best part of two years, and the other party had admitted full liability. My solicitor had to issue a writ in the end.

My advice, keep the pressure on your solicitor, I was ringing about once a week in the end. I think they issued the writ just to stop me ringing them

Good luck

TSM · 03-02-06, 05:54 PM

This is how you work out how long it will take to get a payout.

Think of a date that they feal like sorting the claim out, then add a random number of days before or after, but the likleyhood of it being sorted before that date is based on quantam theory and the same applies to how long after that date.

So basicly you will never know.

03-02-06, 06:11 PM

There are set down guidelines on how long things should take, if you are concerned you should contact the insurance ombudsman office for further info. A lot of things have to happen before you get paid out, even once they have admitted liability you have to agree on the value of the claim. This will cover value of bike, value of accessories including clothing, cost of recovery, and any personal injury claim. Any initial contact must be responded to within 90 days, and after that it is usually 90 days for any contact. Bear in mind though that you can claim intetest on the money owed.
The hard part is getting them to accept liability, if they have accepted full liability then you are very fortunate and things should be fairly straight forward as long as you don't take the p!ss and go rididculous on the value of the claim.

03-02-06, 06:13 PM

Last time this happened to me it took several months. They paid me interest, but I'd rather have had the money sooner.

03-02-06, 06:32 PM

Chase them regularly, otherwise it sits undealt with on their desk. You need to give them a nudge every inch of the way.

03-02-06, 06:32 PM

How long is a piece of string wet or dry?

03-02-06, 07:11 PM

Quote:

Originally Posted by RWR

How long is a piece of string wet or dry?

Indeed (& I haven't had to wait for a payout

)

03-02-06, 05:14 PM	#1
tomjones2 Guest Posts: n/a	how long should insurance money take to come through I know this is a open question but i was knocked off last summer in germany. After much messing about with languages the german company has passed the case their UK representatives who has attmitted full liablity about 2 months ago but i am still waiting for my money. Should I be more paitent or is someone dragging there feet somewhere. Do insurnace claims have a timeout period on them? Cheers

03-02-06, 05:54 PM	#5
TSM The Sick Man Mega Poster Join Date: Nov 2004 Location: Peckham.SE.LDN Posts: 4,768	This is how you work out how long it will take to get a payout. Think of a date that they feal like sorting the claim out, then add a random number of days before or after, but the likleyhood of it being sorted before that date is based on quantam theory and the same applies to how long after that date. So basicly you will never know. __________________ OTR: KTM 690 Duke R 2015 Full Akro SIDELINE: Kwak ZX636 A1P 2002, Red, R&G's, Yoshi, Double Bubble Screen GONE: Kwak ZX-7R P1, Full Akro, Undertray, Screen GONE: SV650S K2 Very Bruised & Without Fairing, Motovation Frame Sliders, R&G Ally Sprocket Toe Protector, HEL 2 Line Setup, GSXR K1 600 RWU Forks, Barnett Clutch & Springs, Penske 8981 Shock, Gilles Ti Rearsets, Steel Barends, Scottoiler, AFAM Chain & Sprockets, Twin FIAMM Horns, Skidmarx Bellypan, Full Micron Zeta Steel System, Cut down undertay. Forum Problems & Information / Site Suggestions

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03-02-06, 05:19 PM	#2
Viney Member Mega Poster Join Date: Jul 2003 Location: In the shadows to the left Posts: 7,700	Er, took mine 30 months to be fully settled!

03-02-06, 05:43 PM	#4
mac608 Member Join Date: Jul 2003 Posts: 203	Mine best part of two years, and the other party had admitted full liability. My solicitor had to issue a writ in the end. My advice, keep the pressure on your solicitor, I was ringing about once a week in the end. I think they issued the writ just to stop me ringing them Good luck

03-02-06, 06:11 PM	#6
Mariner Guest Posts: n/a	There are set down guidelines on how long things should take, if you are concerned you should contact the insurance ombudsman office for further info. A lot of things have to happen before you get paid out, even once they have admitted liability you have to agree on the value of the claim. This will cover value of bike, value of accessories including clothing, cost of recovery, and any personal injury claim. Any initial contact must be responded to within 90 days, and after that it is usually 90 days for any contact. Bear in mind though that you can claim intetest on the money owed. The hard part is getting them to accept liability, if they have accepted full liability then you are very fortunate and things should be fairly straight forward as long as you don't take the p!ss and go rididculous on the value of the claim.

03-02-06, 06:13 PM	#7
Anonymous Guest Posts: n/a	Last time this happened to me it took several months. They paid me interest, but I'd rather have had the money sooner.

03-02-06, 06:32 PM	#8
Ceri JC Guest Posts: n/a	Chase them regularly, otherwise it sits undealt with on their desk. You need to give them a nudge every inch of the way.

03-02-06, 06:32 PM	#9
RWR Guest Posts: n/a	How long is a piece of string wet or dry?