Just renewed my bike insurance with Motorcycle Direct and noting the recent speeding offence.
Protected no-claims, fully comprehensive with declared modifications and living in London. SD&P plus commuting. £158.72.
Result!
Archive for the 'Insurance' Category
Well after driving in to the car park at the London flat last night, having been let down by @tweetalondoncab on Twitter this morning, I got the RX8 out to go to a meeting. Crawling out of the crescent at no more than 2 or 3mph, I got to the off-camber, downhill left turn and immediately slid sideways on the ice-covered snow … and slid into the metal bollards. Ouch! I wasn’t the first either as one of them had been knocked over already. So now Blue RX is a tad dented:
I have heard precisely nothing from anyone since that last post. The police came to see me to take a statement and asked me if I was prepared to give evidence in Court (to which I answered “damn right I am!”) and there was a bit of a rush for them to get it from me. And then silence.
I’d spoken to the insurance company to ask them about buying it back when it was recovered and a week or two later got a phone call from them asking me if I knew where the bike was as – apparently – the police hadn’t been in touch with them.
Since then? Not a thing!
Well, well, well.
This morning I received a phone call from the Met. Wilf has been found somewhere in Lincolnshire!
No news on its condition or anything and of course it now belongs to the insurance company but if it’s not been totalled, I may well see if I can buy it from them. It should be worth less as a stolen recovered vehicle anyway and of course it’s almost a year older, but it’s worth asking.
In the meantime, I’ve got an appointment for early next week to give a statement to the police to say that it certainly wasn’t being used or stored with my permission so they can (hopefully) prosecute the scrote that had it.
I hadn’t realised that Mazda offer seven days insurance cover for you – their “driveaway” scheme – when you buy a Mazda from one of their dealers:
“What’s more, most new and used private car purchasers benefit from seven days free insurance. So you can drive away from our dealerships safe in the knowledge that you’re covered. Conditions for this free cover may apply.
“All you need to do is call us on 0800 048 0962 for a no-obligation quotation.”
Now, it also turns out that Mazda’s policy offers what is called “RTI” cover which is:
“Mazda Return to Invoice (RTI)
“Mazda Return to Invoice will either pay you the difference between your Motor Insurance settlement figure and the outstanding Early Settlement Balance due to your Finance Company, or pay you the difference between the Net Invoice Price of your Insured Vehicle at the Start Date and your Motor Insurance Company’s settlement figure. Your claim will be settled based on whichever is the greater amount.”
And what’s more they were very competitive on their premium, coming in at the lower end of the quotes I’d received from price comparison websites and then – after haggling – knocking off 10% so as to come in second lowest. I will be going with Mazda for the insurance because of the RTI cover benefit.
I had the delivery date confirmed to me today: the car is available for collection on Wednesday, 17th March but because that would mean me driving up to Grimsby and back the same midweek day to collect it, I’ve postponed collection until the 19th. D-8 days and counting!
In the meantime, however, I’d better get used to being pulled by the police with threats to impound the ST200 as for some reason it isn’t showing up in the MID as being insured even though it’s currently on the dealer’s insurance policy.
Just to bring everything up to date, whilst I was on holiday, eBike Insurance‘s loss adjusters wrote to me offering a settlement of 3,500. I decided to mull this over whilst I was away again, but on my return I found a cheque from them for that sum in full and final settlement.
This amounted to quite a substantial loss to me but when I went through the policy and the small print, I realised they were actually being fair. I’d stated the value of the bike as 4,000 – eBay adverts the week of the theft showed that was under-stated – and whilst I was aware there was a 250 theft excess, I’d ignored/overlooked the clause that says if the bike isn’t garaged at the time in a locked garage, the excess rises by 250.
So quite a loss to me, but I can’t fault them for the speed with which they settled my claim. Recommended.
Two items of news concerning Wilf:
- The insurance company has declared it a total loss which means they’ve decided to pay up. The argument now will be over a valuation, but I can back up the value of the bike by a PDF print of the MCN used bikes of that model for sale earlier this week that were all well over 4,000. We shall see.
- Talking of total losses, the Metropolitan Police have written to me to say that due to the lack of evidence they’ve dropped the investigation. Hmm. I wonder if the lack of evidence is as a result of the lack of any investigation? They decided not to send SOCOs to fingerprint anything and they didn’t send any officers to talk to the neighbours. Too much like hard work, I suppose…
I’ve just got in after almost a fortnight away and decided to check the garage before heading off to bed.
The Gixxer has gone: stolen. The remnants of the padlock which had been bolt-cropped are still there but the thieving bastards even took the Abus chain with them. The Met. Police have been telephoned and should be in touch within the 24-48 hours to process it. I mentioned the lock and that they might be able to do something with the bits but the operator was non-committal… I doubt they’ll even bother interviewing the neighbours, even though one is almost always there. It has been alpha-dotted and marked with SmartWater, so who knows? Maybe I’ll get lucky and get it back.
So if you’re offered a low-mileage, immaculate 2004 Suzuki GSX-R750K4 engine number R741-100646 VIN/frame number JS1B3111200100375 it’s mine!
One of the adverts over on the right of this site from time to time is for H&R Insurance, peddling their bike insurance online using Google Ads.
In order to get a quote, you have to agree, amongst other things, that:
“5. The motorbike has not been modified in any way.
6. There are no accessories fitted to the bike.”
That must mean they insure very few bikes…
Run on 10 April 2012 9:36 am
2.08 mi in 00:20:41 (09:58 min/mi)
HR 167 bpm - Burned 274 C
