Re: received cheque for sv
 

I was thinking just that??

Re: received cheque for sv
 

I'd have a read of your policy if I were you. I was always under the impression that irrespective of your valuation that market value was paid out in the event of a claim, hence the usual need to argue over what that is. Bikes (and cars) depreciate over a year, so any value can't be accurate for a full 12 months, hence the market value at the time of an incident being the insured value.

Re: received cheque for sv
 

Yes I'm also surprised at the strictness of the valuation. All I would say is it should play both ways - if they can claim it was overvalued in the insurance, and pay you less, you should be able to do the same and tell them it was undervalued. OK they might say the insurance would have cost you more, but again - it's not as if they would give you a refund if you claimed and it turned out it was overvalued (and the amounts involved in changes of value are usually pretty minor, if anything).

I'd definitely be going back and questioning them along the lines of the above - sounds like they are trying to fob you off (would we expect anything else!) to me.

Re: received cheque for sv
 

that would be thieving postie scum at work then :P

David

NOTE this is a joke !!!

Re: received cheque for sv
 

ive just sent my documents registerd post £4.50 :( at least i know they will get there.

Re: received cheque for sv
 

my assessor valued my sv at £3050 even tho i only insured it for £3000, he said it was the market value for this machine with so few miles on the clock.

Re: received cheque for sv
 

If your not happy with the pay out, don't bank the cheque!!

Call them tell that you won't be execting it, and give them the value of your bike how you should get for it. I would look at a few bike that you want now to replace it with, adn say that they cost this much.

If your not happy with the pay out don't back down sticj to your guns.

I haven't had deal with this with a bike, but my camera got nicked I gave them hell and they eventually paid out. Good Luck:smt077

Re: received cheque for sv
 

That's why I like fully comp. You get the money and then the insurance companies can sort out who's responsible.

You should be able to claim back both the excess and shortfall from the third party as she was clearly in the wrong. May take some time though and you'll have to justify why you only valued it at £1500 and now want more. Good service from your insurers IMO.