Posted: Wed Apr 19, 2006 2:55 pm
Never a good idea Verm. Keep to the truth and you cann't be bitten in the butt for it later on.
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Maybe it's just me, but that's crazy!! I've never heard of an insurance company not covering someone unless they park their street-legal and registered vehicle in a storage facility. That just sounds whack! I'd drop a company like that right away, because I'm pretty sure that they're the only company making such a ludicrous demand. Hopefully your brother found a new insurer.mjmackenn wrote:my brother and his friend had two new hayabusa's stolen from their apartment complex last summer. The insurance company paid, but would not reinsure them until they proved they were no longer parking at the complex. They had to rent a storage unit down the road and had to attest that they only parked the bikes at the storage facility.
that's another good thing hear.Loonette wrote:Unless you had made a claim to your insurance company regarding the existing damage, they aren't really going to care about any of that. They will already be considering the bike a "goner", with or without existing damage. They won't be paying to replace your bike and fix the previous damage... they're only going to pay to replace the bike.
Sorry to hear about your troubles. I hope it's all resolved for you very quickly. Have fun shopping!
Cheers,
Loonette
I'll agree that they do owe him for a low mileage bike, but the fact remains that it devalued substantially when he drove it off the lot. You can always sue, but the fact remains that the average insurance contract will pay you for exactly what was lost. That's what you agree to accept when you agree to the insurance contract. In Verm's case this is a slightly used 2005 model, which is worth substantially less than a brand new one.ZooTech wrote: Verm hadn't even put enough miles on the bike to justify a second oil change. It is a brand new bike. If they offered me anything less than a brand new bike I'd sue.
A) His was an '06. If they want to go searching for a used '06 then I guess they can.flynrider wrote:I'll agree that they do owe him for a low mileage bike, but the fact remains that it devalued substantially when he drove it off the lot. You can always sue, but the fact remains that the average insurance contract will pay you for exactly what was lost. That's what you agree to accept when you agree to the insurance contract. In Verm's case this is a slightly used 2005 model, which is worth substantially less than a brand new one.ZooTech wrote: Verm hadn't even put enough miles on the bike to justify a second oil change. It is a brand new bike. If they offered me anything less than a brand new bike I'd sue.
It sucks, but it's a fact of life.