insurance payout advice? - SV650.org

Dave20046 · 01-09-09, 12:13 PM

Wow 2 years later and I've finally been offered a number with a £ infront of it from some nobs insurers.
Just wondering; is the general advice still 'don't accept the first offer'? I mean I don't mind waiting a bit for my dues... just I'm a bit worried the next offer will be in euros

timwilky · 01-09-09, 12:16 PM

What is it actually for?

bike values can be easily established, kit is a bit hit and miss and personal injuries are a nightmare and usually start from the premise you are trying it on and offer a 10th of what the claim may be worth, just to see if you grab.

It took 6 weeks to settle my bike claim and 5 years to settle the personal injury

Dave20046 · 01-09-09, 12:19 PM

Quote:

Originally Posted by timwilky

What is it actually for?

bike values can be easily established, kit is a bit hit and miss and personal injuries are a nightmare and usually start from the premise you are trying it on and offer a 10th of what the claim may be worth, just to see if you grab

It's personal injury, just the fact they've let it go on for 2 years and never admitted responsibility so all my premiums have been sky high makes me want as much out of them as possible. Is that wrong?
However they have actually offered about 40% more than the solicitor reckoned they would (but he's a tosser).

timwilky · 01-09-09, 12:24 PM

There is a list used for assessing personal injury value.

Best advice I would say is it is very early on, an initial offer is usually to test the water. reject it.

Dave20046 · 01-09-09, 12:26 PM

Quote:

Originally Posted by timwilky

There is a list used for assessing personal injury value.

Best advice I would say is it is very early on, an initial offer is usually to test the water. reject it.

righto

Bri w · 01-09-09, 12:36 PM

My original offer for personal injury was poor IMHO. The Solicitor thought it good. I said no, and 1 year later the offer was more than double. Settled out of court.

I got the feeling the Solicitor originally just wanted to close the book and move onto his next client. I asked for, and got, another medical + two MRI's - proving further damage.

I was advised after the 2nd offer that to take it to court, after a good offer, was a risk. The judge might have made me pay all the costs.

Its nice just to put it behind me, and move on.

Dave20046 · 01-09-09, 01:08 PM

Quote:

Originally Posted by Bri w

I got the feeling the Solicitor originally just wanted to close the book and move onto his next client. .

That's the exact same feeling I'm getting...

01-09-09, 01:10 PM

If its not too personal, is it a cheque or just in writing?

Dave20046 · 01-09-09, 01:10 PM

just in writing.

01-09-09, 01:13 PM

Ah okay fair enough.

01-09-09, 12:13 PM	#1
Dave20046 Member Mega Poster Join Date: Jul 2008 Location: Sheffield Posts: 10,274	insurance payout advice? Wow 2 years later and I've finally been offered a number with a £ infront of it from some nobs insurers. Just wondering; is the general advice still 'don't accept the first offer'? I mean I don't mind waiting a bit for my dues... just I'm a bit worried the next offer will be in euros __________________

01-09-09, 12:16 PM	#2
timwilky Member Mega Poster Join Date: Mar 2004 Location: Not in Yorkshire. (Thank God) Posts: 4,116	Re: insurance payout advice? What is it actually for? bike values can be easily established, kit is a bit hit and miss and personal injuries are a nightmare and usually start from the premise you are trying it on and offer a 10th of what the claim may be worth, just to see if you grab. It took 6 weeks to settle my bike claim and 5 years to settle the personal injury __________________ Not Grumpy, opinionated.

01-09-09, 12:24 PM	#4
timwilky Member Mega Poster Join Date: Mar 2004 Location: Not in Yorkshire. (Thank God) Posts: 4,116	Re: insurance payout advice? There is a list used for assessing personal injury value. Best advice I would say is it is very early on, an initial offer is usually to test the water. reject it. __________________ Not Grumpy, opinionated.

01-09-09, 12:36 PM	#6
Bri w Member Join Date: Jun 2009 Location: Turre, Almeria Posts: 668	Re: insurance payout advice? My original offer for personal injury was poor IMHO. The Solicitor thought it good. I said no, and 1 year later the offer was more than double. Settled out of court. I got the feeling the Solicitor originally just wanted to close the book and move onto his next client. I asked for, and got, another medical + two MRI's - proving further damage. I was advised after the 2nd offer that to take it to court, after a good offer, was a risk. The judge might have made me pay all the costs. Its nice just to put it behind me, and move on. __________________ *"It's not the years in your life, it's the life in your years."* Currently - Fighting the urge... seen a nice Triumph America Previously - Honda CB125, Honda CB400-4 & BSA B40, Moto Guzzi 850, Yamaha RD250, Suzuki GT380, Kawasaki Z1B, Kawasaki Z650, Honda VFR, Triumph Street Triple R.

01-09-09, 01:10 PM	#8
plowsie Guest Posts: n/a	Re: insurance payout advice? If its not too personal, is it a cheque or just in writing?

01-09-09, 01:10 PM	#9
Dave20046 Member Mega Poster Join Date: Jul 2008 Location: Sheffield Posts: 10,274	Re: insurance payout advice? just in writing. __________________

01-09-09, 01:13 PM	#10
plowsie Guest Posts: n/a	Re: insurance payout advice? Ah okay fair enough.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Life insurance payout for trackdays?	carty	Idle Banter	4	20-06-08 05:58 PM
Insurance payout	on yer bike	SV Ecosse	15	15-11-07 09:01 PM
diesel spill payout	leemole	Bikes - Talk & Issues	0	05-11-07 07:33 PM
Payout for biker...	Stingo	Bikes - Talk & Issues	7	27-04-07 05:17 PM
Insurance Advice	snoopy	Bikes - Talk & Issues	11	13-05-05 08:46 AM