Cyclist Claim

birkee

Sounds like he's trying to get a new bike to me. Or the price of a new one, and then replaces a buckled wheel with the money.
Your insurance would want an expert report before they paid him for it.
Then again, let him claim on his insurance against you. Oh yeh!.....Cyclists don't do insurance do they?

Tammer

Hi,

I would refer this to your insurance company. That's what you've paid them for after all.

It is possible it will affect your future premiums but they will not rocket, they would go up by a small-ish amount.

Not informing your insurer runs the risk of having a claim refused in the future (let's say you crashed into another car and it was written off - fancy buying someone a new car do you?) and being refused insurance by the majority of insurance companies. I'm surprised that so many people recommend not informing your insurer.

Tammer

lisyloo

I realise its not meant to be a new for old policy but why should he have to spend money to mend his bike when you hit him, ie it should be new for old

No - the law is not new for old, the law is to put someone back into the situation as if the accident had not happened.
A number of home contents policies are new for old, but that's nothing to do with compensating 3rd parties.

This is the way ALL insurance works (apart from when you claim off your own).
If you have a T reg 11 year old car that gets written off, you don't get a new car in replacement.
You get an amount of money to buy something similar to hwat you had before.

I agree he should not be out of pocket, but he should not expect a brand new bike (unless that was what he ahd before).
He should expect a replacement that's the same as what he had before whether that's 2, 5 or 10 years old.
Of course it's possible he just bought it recently in which case he's likely to have a receipt to show that.

Of course it's entierly up to cazzy what she/he wants to give him out of court, but a insurer will not go above the legal liability.
So if he had an old bike, he won't get a new one in exchange from the insurer.
They won't pay a penny more than they have to and in fact have a reputation for making low offers.

The legal liability is to put the person back into the SAME position as they were before not a worse or better one.
Of course this might also include clothing, accesories, time off work, medical treatment, compensation for pain & suffering and alternative transport.
The "biggy" is personal injury which is why I'd go down the insurance route.
He can change his mind later on and DIY paperwork may not hold up.

cazzycozzy

thanks again.

I didn't mention that I informed my insurers the day after it happened so they do know all about it. I guess its also the hassle of insurance companies I am also trying to avoid and for him also. I also don't know if there is a huge difference between the rise in premiums in notifying the insurance company of an incident and actually making a claim.

Cheers

uk-tyler

birkee wrote: »

Oh yeh!.....Cyclists don't do insurance do they?

Some cyclists do hold third party insurance.
A membership of the Cyclists Touring Club includes third party cover.
Cycleguard overs cover for £27 a year, a small price to pay for the piece of mind.