In over 20 years of doing this, I've never seen that happen.
We see old shingles replaced with new ones every day in property claims. If someone breaks into your home and steals your TV, you get a new one, not a used one.
It is a betterment if the insurer offers to give you a newer model of...
1. 1986 was 35 years ago... a lot has changed.
For one you don't deal with the other person's insurer any longer, you deal with your own.
2. I agree that 25k is a lot of money. 35 years of payments would be completely erased with a single injury (knocking on wood)...
3. If payouts were...
Those repairs are all general maintenance. They have nothing to do with the repairs required when something sudden and accidental occurs.
If your brakes are at 70% and you have an accident and the brake assembly is damaged, they don't give you 70% brakes, you get new brakes in exchange for...
Though the bike gets older each year, the cost to repair it and the rider increases annually. The reality is the overall trend is going upwards on just about everything in this world.
Avi
Some of you may remember me as Avi Singh from years past. Our office is dedicated to providing the same service and transparency that the GTAM community has received in the past. We have amassed a strong group of brokers ready to give you a second opinion.
Give us a call today - 519-759-7911!
Insurance is confusing and often times doesn't make sense. We can help you with that. We commit to give you clear, open and transparent information in a timely manner.
We work with 6 different insurers who write motorcycle insurance, which gives you options depending on your situation.
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