I had my motorbike stolen just before Christmas, and the insurance company have now said ‘your vehicle has been deemed a total loss and am unable to release any payment until the valuation has been agreed with you.’
I have not been in this situation before and I wondered if anybody can advise on a strategy.
they are wanting you to agree to the value of the bike. they will pay you actual cash value. it depends on the age of the bike and the condition it was in. they should make you an offer, and if you dont like it, then you can counter offer until you reach an agreement.
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3 users responded in this post
they are wanting you to agree to the value of the bike. they will pay you actual cash value. it depends on the age of the bike and the condition it was in. they should make you an offer, and if you dont like it, then you can counter offer until you reach an agreement.
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agent
Do your homeowrk, go to kbb.com and find the value of your bike, scroll down, the box for motorcycles is on the left side. They will try to lowball you. Good luck.
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never accept the first offer..they don’t expect you too and be aware you are unlikely to get enough to buy a new bike unless you have a new for old agreement on your policy..lots of people on facebook seem to have bikes and may be able to give you some advice..or you could have a chat with ‘motolab’ google for his website
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