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Motorcycle Insurance Advice
R3i
Posts: 1 Newbie
Hi guys,
Just wanted some advice regarding the salvage offer for my bike as I haven't got a clue and feel like my insurance know it too :doh:.
I originally £4300 for my bike last year. The 3rd party insurer valued it at something like £3550 with a salvage cost of £1190. However the company that is holding my bike at the moment (for my insurance company) rang me for the first time today saying that they are willing to pay me £800 for the salvage cost.
The way the lady explained it was 3550-1190=2360 2360+800=3,160
Surely I am in my right to request what the 3rd party valued my bike at? Or do I not have a choice and will need to sell the bike myself?
Any help or advice would be greatly appreciated as I have no idea where I stand or what I can do. :beer::beer:
Just wanted some advice regarding the salvage offer for my bike as I haven't got a clue and feel like my insurance know it too :doh:.
I originally £4300 for my bike last year. The 3rd party insurer valued it at something like £3550 with a salvage cost of £1190. However the company that is holding my bike at the moment (for my insurance company) rang me for the first time today saying that they are willing to pay me £800 for the salvage cost.
The way the lady explained it was 3550-1190=2360 2360+800=3,160
Surely I am in my right to request what the 3rd party valued my bike at? Or do I not have a choice and will need to sell the bike myself?
Any help or advice would be greatly appreciated as I have no idea where I stand or what I can do. :beer::beer:
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