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timwilky · 05-11-06, 01:37 PM

TBH, it doesn't really matter and can play into your hands.

Normally your bike would be at a repairers and attract a storage charge. The assessor would arrange removal to free storage (Normally the salvage buyer) until such time as the claim has been settled and the salvage can be disposed of.

What normally then happens is a dispute over valuation. This can get dragged out. If the salvage buyer has been silly enough as to dispose of my property, how can I then get an independent valuation, and suddenly they are no longer in a position to dispute my valuation.

A decent insurance company would make an offer and present you with a cheque to that value less any excess. You can then pay that into your account whilst you haggle for the rest.

In my case the inspecting engineer knows I worked for 20 years as an assessor for my family business and I therefore do not expect there will be any problem with valuation. The last time I went through a valuation argument it was with Equity Red Star and I ended up playing my ace with their claims department when I informed them that I had previously been one of their independent engineers and they were happy to accept my valuations in the past, so what was so different now. Result then being a settlement £900 greater than the initial offer.

05-11-06, 01:37 PM	#7
timwilky Member Mega Poster Join Date: Mar 2004 Location: Not in Yorkshire. (Thank God) Posts: 4,116	TBH, it doesn't really matter and can play into your hands. Normally your bike would be at a repairers and attract a storage charge. The assessor would arrange removal to free storage (Normally the salvage buyer) until such time as the claim has been settled and the salvage can be disposed of. What normally then happens is a dispute over valuation. This can get dragged out. If the salvage buyer has been silly enough as to dispose of my property, how can I then get an independent valuation, and suddenly they are no longer in a position to dispute my valuation. A decent insurance company would make an offer and present you with a cheque to that value less any excess. You can then pay that into your account whilst you haggle for the rest. In my case the inspecting engineer knows I worked for 20 years as an assessor for my family business and I therefore do not expect there will be any problem with valuation. The last time I went through a valuation argument it was with Equity Red Star and I ended up playing my ace with their claims department when I informed them that I had previously been one of their independent engineers and they were happy to accept my valuations in the past, so what was so different now. Result then being a settlement £900 greater than the initial offer. __________________ Not Grumpy, opinionated.