My 17 year old son bought himself a brand new Vespa px125 two months ago and some white van man knocked him off. Luckily my son is ok now. How is it fair that he paid £2,300 forit 2 months ago and the insurance have offered him £1,900. It was not his fault, why should he suffer? I feel for the guy, he cleaned it, maintained it on a daily basis and is a good clean nosed kid. He should be able to replace it with a new one, now he can't unless he pays out for the extra. It seems so unfair that it wasn't his fault yet he is losing out. Any advice, please post, it upsets me you know.
2007-11-18 22:48:08 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Motorcycles
Most insurance companies operate a replacement for a vehicle written of in the first year of it's life and it would appear that this is not the case here
The only other option would be to try to claim for his "un-insured" losses. This is done by asking the other insurance company to pay for ANYTHING that is not directly covered by the road risk policy
Replacement crash hat anything up to £350.00
Clothing that was damaged £100.00 upwards
Loss of earnings for the few days after the accident
Hire bike whilst he was off the road
Depreciation on his bike
Now that said they might adopt that attitude of "market value" being £1900 but I am sure that you will be able to make up the difference in one way or another. If you get my meaning.
Ask your own insurance broker for help here if you bought on line then contact them by phone and ask for some help
Good luck with it and tell him to keep safe and well away from the tw@t out there thats on the lookout for him. Unfortunately they are hard to recognise. I threat every road user as if it is him that's out to get you until they prove otherwise
2007-11-19 02:04:19 · answer #1 · answered by Anonymous · 2⤊ 0⤋
In the US the insurance company would act no differently, they are paying the fair market value for a USED Vespa, even if it is only two days on the road, it is still a used vehicle.
That is why there are civil courts to assure your son is made whole' by taking action against the person that hit him. He is responsible for ANY and ALL losses your son has or MIGHT have in the future due to the idiots actions.
In short, take it to court!
2007-11-20 01:47:14 · answer #2 · answered by Blitzpup 5 · 1⤊ 0⤋
Check the policy, 17 to 25 year olds tend to have a huge excess.
As your son appears to have been injured you should have used one of the accident claim solicitors (who advertise on the tele), they would have taken everything into account (cost of the bike, loss of earnings, compensation for injury etc., and any extra insurance costs imposed for declaring an accident (even though it wasn't his fault). Apart from ensuring that he was insured, the solicitor wouldn't have involved his insurance company and what's more the solicitors fees are met by the other drivers insurance.
You could still try consulting a claims company who may be able to recover his out of pocket expenses like the additional £400 to replace his bike, nothing ventured nothing gained.
2007-11-19 07:09:31 · answer #3 · answered by ashkirkian 3 · 2⤊ 0⤋
I can understand the lower offer, he wasnt riding a new Vespa at the time of the accident, it was two months old. In theory, he should be able to buy another 2 month old vespa for £1900, if he cannot, then he should ask for more money. You are not obliged to accept their offer.
I note that you say "he is alright now", presumably you are also claiming for pain and suffering, damaged clothes etc?
2007-11-19 08:22:36 · answer #4 · answered by Nimbus 5 · 3⤊ 0⤋
This is unfortunately one of the realities of motor insurance. They will not pay out what the vehicle cost you, only what they calculate it is worth.
In the case of a brand new bike, the value dropped by 17.5% the moment it left the showroom. Altough it may seem unfair, what your son has been offered is the current worth of his machine.
2007-11-19 13:15:43 · answer #5 · answered by Nightworks 7 · 0⤊ 0⤋
Its completely unfair, same happened with a relative, he was knocked off, just consistanlty fight for the fair price.
sorry to hear it, and sorry for my terrible answer!
All the best
Its a shame as a vespa is such a nice bike.
The Pmiester :)
2007-11-19 07:04:14 · answer #6 · answered by Anonymous · 1⤊ 2⤋
Take the driver of the van to court and recover the difference from his insurance company.
2007-11-19 18:04:03 · answer #7 · answered by csburridge 5 · 1⤊ 1⤋
since when has insurance been fair?I'm just glad your son is o.k.-vespas are replaceable but our kids are not!
2007-11-19 19:04:00 · answer #8 · answered by Anonymous · 1⤊ 0⤋
that's the depreciation of the bike itself.
2007-11-19 09:05:35 · answer #9 · answered by Mike E 2 · 1⤊ 0⤋