Any way to successfully argue the value that insurace pays out for stolen bike?

[HyRyze]

I ended up going back to them twice, they did adjust the amount but not significantly. A few hundred dollars for a couple of extras and the paint.

I was surprised at the defiance of the agents, basically telling me that I am wrong and their third party specialists do this for a living so they are automatically right. They swore up and down that all colours available are sold for the same MSRP from honda. After I showed her the current Honda.ca listings and the Red white and Blue colour scheme that costs more she just stated that it doesn't make a difference. And so ends my battle with State Farm. Payout including taxes was 9750.00, minus 1000 dollar deductable 8750.00. This is close to what it would cost me to replace the bike but not quite enough.

Overall I would have to rate the whole experience as follows

State Farm Agent - 9/10
State Farm Adjuster/Claims - 6/10
Payout Satisfaction - 8/10

You, my good sir, are in luck!

BAM! http://www.gtamotorcycle.com/vbforum...ad.php?t=95949

Get in touch with him.. he's selling the same bike!

No need to thank me, just pay it forward!

[Stealth1]

I wouldn't mention the HIDs if I were you, since this is an illegal mod. Many companies exclude modified bikes, even if it is just a slip-on exhaust; I think this is stupid, but it's just the way it is. I'm not sure about State Farm specifically, but it would be helpful if you could hear from someone else insured by SF who had their bike stolen. You could also send an anonymous email to Seamus Kelly if you don't want to ask your agent directly . . . he is quite helpful

I can't see the HID's being a problem, they aren't the government so they can't really say anything. I've actually never heard of a modified bike being excluded, cars yes for sure. I could understand a company refusing to insure a bike that was stretched or had a turbo kit on it though. I know the main thing is companies like to use modifications to not payout in the case of accidents but I haven't heard of it affecting a claim for a stolen bike.

In the case of a car you can have things covered such as a stereo for extra on top of your current policy. If they have the same thing for bikes then it's my fault for not having the stuff covered.

I'll update on my claim as I can.

[[evo]]

I can't see the HID's being a problem, they aren't the government so they can't really say anything. I've actually never heard of a modified bike being excluded, cars yes for sure. I could understand a company refusing to insure a bike that was stretched or had a turbo kit on it though. I know the main thing is companies like to use modifications to not payout in the case of accidents but I haven't heard of it affecting a claim for a stolen bike.

In the case of a car you can have things covered such as a stereo for extra on top of your current policy. If they have the same thing for bikes then it's my fault for not having the stuff covered.

I'll update on my claim as I can.

No, they can say something, as if your bike is not fit for the road then your insurance is void.

[VifferFun]

You, my good sir, are in luck!

BAM! http://www.gtamotorcycle.com/vbforum...ad.php?t=95949

Get in touch with him.. he's selling the same bike!

No need to thank me, just pay it forward!

In case the post is pulled, here is a quote:

well, u guys might know me from this forums as the *** hole or something, but here is the real story about my life.

im a 19 years old sheridan college Mechanical engineering student, me and my brother own a bike cbr600rr 2006, and its out 1st bike, we have to sell it because........i guess u wont believe this.....

because, my older brother who owns 2 trucks and makes 200,000 a year and owns a 3000sq/f home which we live in.

my brother is kicking Me, my mother( his mother also), my sister and my another brother out of the 3000 sq/f home because he says he cant afford us in....i repeat he makes 200,000 a year and he owns those big 18 wheeler trucks. he said that if we dont move before sept.1 he will call the cops on us and get us kicked outta our homes and will sue us. imagine calling cops on your mother and getting a court paper to get your mom kicked out of your home which u can afford with ease.

so if i said anything to anyone in this forum i apologize.

so now im moving with my mom into a small 2 bedroom basement and have to sell the bike so i can get some morgage paid and support our selvs.

this is the bike, if you or anyone is interested please email me or call me at 416-668-6485 and me name is Emad

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ146892790


NOTE: someone has hacked my account or something and keeps messing with my add. the price is $8000 and comes with jacket, helmet and the bike.

[VifferFun]

I can't see the HID's being a problem, they aren't the government so they can't really say anything. I've actually never heard of a modified bike being excluded, cars yes for sure. I could understand a company refusing to insure a bike that was stretched or had a turbo kit on it though. I know the main thing is companies like to use modifications to not payout in the case of accidents but I haven't heard of it affecting a claim for a stolen bike.

In the case of a car you can have things covered such as a stereo for extra on top of your current policy. If they have the same thing for bikes then it's my fault for not having the stuff covered.

I'll update on my claim as I can.

If you have Comprehensive coverage, your stereo in your car will be covered up to a maximum of $1500 per occurrence; if you want more coverage than that, you must purchase an insurance endorsement (which is usually $X per $100 of coverage).

If you have modified you bike in such a way that it is not fit for the road, the insurer can certainly say something about this. They aren't the police, but insurer will not, under any circumstance, write a vehicle that is not fit for the public roadways.

Many companies do not like modified bikes just the same as they don't like modified cars. Perhaps State Farm overlooks this, but I wouldn't get my hopes up for being reimbursed for the mods. I do wish you the best though . . . please let us know how it turns out.

[Stealth1]

No, they can say something, as if your bike is not fit for the road then your insurance is void.

You can insure vehicles that are not fit for the road, my insurance in the case of a collision would be void yes. It's like having a vehicle simply on a fire/theft policy, you can get insurance on a vehicle that is not plated.

[VifferFun]

You can insure vehicles that are not fit for the road, my insurance in the case of a collision would be void yes. It's like having a vehicle simply on a fire/theft policy.

If you have road coverage on a vehicle that was not fit for the road, the insurer can deny coverage (even if it is a Comprehensive claim). The point is that, had they known about the condition of the bike, they never would have insured you in the first place. They can deny coverage based on misrepresentation/non-disclosure. I'm not saying that they will, but they *can*.

I'm sure you will be fine though

[Avi Singh]

you can get insurance on a vehicle that is not plated.

where?

[Stealth1]

where?

Can I not get fire/theft coverage on a vehicle that is not plated? I am not talking liability etc I am simply talking fire/theft. When I imported my car from the US I didnt supply a plate number to the insurance company simply the VIN.

[Avi Singh]

Can I not get fire/theft coverage on a vehicle that is not plated? I am not talking liability etc I am simply talking fire/theft. When I imported my car from the US I didnt supply a plate number to the insurance company simply the VIN.

Not usually. Most companies will want a copy of the ownership, if not up front, at claim time. If the vehilce is considered unfit then then it may provide the company with a reason to not pay the claim. Most companies have filed rules with FSCO stating they will not insure an unplated vehicle.

Avi