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Insurance Pay Out

Posted: Fri Oct 30, 2015 3:31 pm
by Duggers
I've just agreed to a settlement payout for my stolen 1100S. It was a Mamola Boxer Cup used by me in all weathers, so not a shiny as some on here.

I was originally offered £2,600 but pushed for more explaining that the Boxer Cup models demand more money. I have now settled on £3,000 and I'm happy enough with that, after buying it for £5,500 11 years ago and putting another 65K miles on the clock.

Posted: Fri Oct 30, 2015 3:33 pm
by Herb
£3k seems like low money to me. You might struggle to find a good BCR for that kind of money.

Re: Insurance Pay Out

Posted: Sat Oct 31, 2015 8:46 pm
by boxerscott
Duggers wrote:I've just agreed to a settlement payout for my stolen 1100S. It was a Mamola Boxer Cup used by me in all weathers, so not a shiny as some on here.

I was originally offered £2,600 but pushed for more explaining that the Boxer Cup models demand more money. I have now settled on £3,000 and I'm happy enough with that, after buying it for £5,500 11 years ago and putting another 65K miles on the clock.
That is low depreciation Duggers!!!

Very savvy. I like that.

Hope your renewal premiums are not "Savage" :wink:

Posted: Sat Oct 31, 2015 8:55 pm
by Blackal
Running a bike in all weathers and lots of miles each year - you can't expect top-dollar from an underwriter, but as Chris says - you have actually done well in the depreciation & enjoyment stakes........

Al :)