Author Topic: Insurance Write Off  (Read 2444 times)

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Offline Markytp

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Insurance Write Off
on: 05 October, 2016, 01:34:11 PM
Howdy All,

Quick question regarding insurance write offs.

My Biffer has been written off as a Cat C write off. I have been offered salvage which I'm not sure if it's a good offer.

The damage to the bike is cosmetic insofar as the bike needs a new set of front panels (nose cone and left / right front fairing, right hand side peg hanger, and of course a new tank (I have already bought one that needs a respray and the decals I've bought adding). The edge of the radiator has a small ding in it but doesn't seem to impact on performance. The left hand exhaust has a couple dents on it, have just seen a replacement one for 25 online.

The engine is sound, the bike rideable just needs a little TLC to get back to her usual standard 😄

To be honest, I'm not interested in fixing it myself so my options are as follows:

1. Decline the offer of salvage and take the money
2. Take the salvage and sell the bike as a Cat 3 repair private sale
3. Take the salvage and sell to a salvage breaker
4. Take the salvage and strip and sell for parts.

Thoughts?

Cheers,

Mark
Last Edit: 05 October, 2016, 01:39:52 PM by Markytp
2013 BMW R1200GS Adventure with all the toys.

#1

Offline Biker Mike

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Re: Insurance Write Off
Reply #1 on: 05 October, 2016, 04:01:21 PM
A cat. 'C' may have structural damage, so unless you're guaranteed this one is cosmetic only, I'd take the money.
Since you took a flyer when you came off, I'd be highly suspicious of the front end geometry, so more trouble than it's worth.

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Offline Markytp

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Re: Insurance Write Off
Reply #2 on: 05 October, 2016, 04:10:26 PM
Naaaah if it was structural damage it would be Cat B not Cat C.

Cat C is "the vehicle is repairable but the costs exceed the vehicles value. Can re-appear on the road subject to an MOT"

Quote unquote  :001:

The impact was sideways on across the bike, not a front end impact which could have knocked the frame / front wheel out. The left hand side crash bung took the brunt of the impact and did its job.
Last Edit: 05 October, 2016, 04:21:13 PM by Markytp
2013 BMW R1200GS Adventure with all the toys.

#3

Offline alan sh

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Re: Insurance Write Off
Reply #3 on: 05 October, 2016, 06:29:49 PM
Mark,

How much are they offering cash and how much to salvage the bike?

Alan
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Offline Markytp

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Re: Insurance Write Off
Reply #4 on: 05 October, 2016, 06:35:39 PM
 Alan,

The offer made has been sent back for a recalculation as I've been advised never to accept the first offer.

They haven't taken into account a few things so am now waiting on their second offer.

With regards to the salvage price, I am happy with what has been offered and am going to take it after doing some investigating.

I can either sell the bike for salvage to a scrappers, break it down for parts or sell it as a Cat C repair project for someone who is looking for a bargain.

Cheers

Mark
2013 BMW R1200GS Adventure with all the toys.