December 26th, 2009 → 6:30 am @ admin // One Comment
I had an accident on my bike the other day. Coming out of a corner, in fairly torrential conditions, my rear wheel lost traction and began to lurch from side to side. Next thing myself and bike were sliding along the road.
I must have come out of the corner too agressively given the conditions, even though I genuinely don’t feel I did.
The result is about 1k of damage to the bike mainly to the right side.
Front plastics, right side plastic, right bar end, front break lever assembly, front tyre seems either misaligned or buckled, small dint in petrol can, engine casing a bit messed up, crash protector is damaged and the exhaust is a bit messed up.
The bike was purchased new for about 4k about 4 months ago. It’s still under kawasaki warranty. I have fully comp insurance with a £200 excess, and no no claims bonus.
Questions: -
If the insurance fix the bike my premium will go up, and the bike will instantly lose value as it will be registered as a Cat D. So when I sell it in future, given the previous damage, it wont’ sell for as much. Or at least this is my understanding.
But they will get the bike fixed at a kwak dealers so it’ll retain its warranty.
But, if I decide to get it fixed, then it won’t be a cat D and my insurance premium won’t increase. But i’d be likely to pursue the work from a non kwak repair centre, thus invalidating my warranty. However, I could get the essentials repaired and replace plastics and cosmetic stuff over time.
I have never dealt with a situation like this, so I’m wondering … what would a cat D do to a bikes value if it is later on sold in a fully working, fully repaired state?
Could I expectx a huge increase on my premium as a result of making a claim? I currently pay £55 per month for insurance. What is this likely to go up to?
Which option seems the best solution given the circumstances?
Tags: Accident, Claim, Insurance, Motorbike, Privately, Repair
Pupp
2 years ago
I had a2005 ZX6R (in 2005) and paid £5000 for it. My brother “borrowed” it and highsided it. It wasn’t covered by his insurance, so cost him £2600 of his own money. I insisted that the kawasaki shop do the reapirs, and he did have to get a loan to fix it.
then I got rear-ended by a car at a junction,and had a new exhaust and rear seat put on, (all in all about £1600) through the other person’s insurance, but still at the same kawasaki shop.
Then in 2007, I swopped it in against a new ’07 ZX6r and I got £4500 part Ex value on it, the kawasaki shop knew the bike’s history and were happy to have it.
If you can afford to, pay the kawasaki shop to repair the bike without using the insurance, do it. Claiming on your own insurance will hike up your premiums a LOT for the next 5 years.
Or you could leave some scuffs on the bike and just fix it up when you look to sell it, and look for spare bits off Ebay. But if the wheel looks buckled, get it checked over.