Go Back   Motorcycle Forum > Motorcycle.Com General Discussion > Motorcycle News > Old News > Help!

Reply
 
Thread Tools
Old 10-08-2006, 03:51 PM   #11
The_AirHawk
Founding Member
 
The_AirHawk's Avatar
 
Join Date: Jun 2007
Location: Leanin' Tower O' P-P-P-P-POWAAAAAAAAA!!!!
Posts: 11,491
Default Re: Insurance Buy Back Question

I've noticed that ALL the Insurance carriers have complaints against them - State Farm being BY FAR the Largest carrier in the US, would naturally have the most complaints against it.



Not that I'm on the Ins. Co.'s side - but *HOW* is it that ANYONE in a floodplain/low-lying area is able to get flood insurance after the flood disasters of the mid-'90s?



Didn't the Fed. Govt. rule that there would be no more flood bailouts after moving a couple of towns? Ergo, no more insurance companies would underwrite you, for ANY amount of money. (no Fed. "safety net" for the Ins. Providers)



All I can say is thus; if the Insurance Companies were Illegally denying claims left and right; the State or Uncle Sam would step in and have something to say about it. There must be a legally-binding clause in the policies, or there would be more than a bunch of folks crying to newspapers and CNN about bein' Four-Asterisked in the Three-Asterisk: there would be people in jail - and you wouldn't hear tales of "Aaaaah! I didn't get no million bux fer my hovel!" or Aaaaah! My poor '78 Monte Carlo was worth more than the measly $25k I was reimbursed for!"
__________________
Parfois, on fait pas semblant
Sometimes, it's not pretend
Oderint Dum Metuant
Let them hate so long as they fear
политики предпочитают безоружных крестьян
Politicians Prefer Unarmed Peasants
Nothing to see here, Citizen. Move along now...
The_AirHawk is offline   Reply With Quote

Sponsored Links Remove Advertisements
Motorcycle Forum
Advertisement
Old 10-09-2006, 07:28 AM   #12
tomk2
Founding Member
 
Join Date: Jun 2007
Posts: 514
Default Re: Insurance Buy Back Question

My experience with my totalled Buell was that the insurance company of the at-fault party tried to...



a) lowball the pre-crash value of the bike using some dubious comps



b) pitch a really high buy-back price that I MAYBE could have recovered... after many hours of work dismantling the bike and Ebaying parts



unless you want the bike to repair yourself OR you have a lotta dead time on your hands... take the check and walk away.
tomk2 is offline   Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off