Subject: Re: Insurance (somewhat long)
Author: ranjan
Date: Feb 13, 2004, 8:21 AM
Post ID: 1716033455
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Kevin
Same thing with a buddy of mine. They said his HD Shovelhead was worth $10,500 with $9500 damage. OK lets settle. Pay for the damage and I'll keep the bike. 1st offer something like $3000, keep bike or $6500 payoff and ins keeps bike.
This went on for 2 yrs. with the ins. raising their offer about $500-700 with each call, every 3-4 months. Marty kept telling them if you want to settle, " pay the damages and quit calling me."
Ins. used strategies like " Don't you want to ride? Come on lets settle!" His answer was,
"I have another bike to ride, pay for the damages." Finally the claim agents boss wanted to close out the claim so bad, that he took over negotiations and finally closed out at $9500 minus the $500 deductible.
Did I mention that Marty's wife worked for 10 yrs writing ins for a multi-company ins. agent. Seems she knew what the claim agent was going to do at every move. If the agents don't close the claims within a certain length of time, it looks bad on their rep sheet for raises, bonus, promotions, etc. That is why they want to close so quickly.
The moral of this story, don't drink as much at the titty bar till your so drunk you run out of road, a mile from the bar.
2nd moral, wait out the ins. co. if you can afford to.
Loop content--recently got my new cyl kits from Mark at MG Classics, thanks Mark and Josh.
Randy Wilson
SE SoDak
----- Original Message -----
From: Kevin Graf
To: Loopfram-@topica.com
Sent: Friday, February 13, 2004 7:47 AM
Subject: RE: Insurance
Since you asked...
My advice is that when you go out to get that beautifully restored Moto Guzzi insured, be sure to get a policy that comes with a lawyer. As bad as lawyers are, Ins. companies are worse.
I'm still fighting the ins. co., well my lawyer is now. For those that don't know. I crashed my Ambo at VMD in Mid-ohio last July. Yes JULY!
When I got the bike insured, my State Farm agent asked me to get an appraisal. I did, even went to the place they suggested. This is pretty funny, since the claims agent says the appraisal doesn't matter since MI does not have any sort of clause for vintage/classic m/cs. Cars, yes, bikes, no.
The appraised value on the bike was not outrageous, I got stuck with the "new girl" that has something to prove. So far, I have got very few questions answered, like, what the hell was my premium based on?? Just the runaround, Why? cause they can't answer it without incriminating themselves, so I get the runaround. The have offered me 1/2 the appraised value based on their market value research, which of course is all on the low end. Pretty funny that they can market research this when they don't even know what the hell a Moto Guzzi is! Ah crap, same ol story, if it don't say H-D nobody in the general public knows what your talking about. All the times we think it's sort of cool when folks pull up and ask what it is we're riding and "I didn't know they still made those"
All that comes to bite you in the ass when it comes to an insurance co paying you.They're thieves, worse yet robot thieves, that refuse to try to understand, put on the blinders if what you show them is not in their interest, even if it is correct. Oh! and you are guilty party until proven otherwise.
No matter what, get an appraisal, take photos, even though the claims agent is saying it's worthless, I know otherwise. Without it I wouldn't have a leg to stand on.
And above all, don't trust them! and don't just roll over if anything happens. They are not your friends, just want as much money from you they can get without giving you a thing/or the least amount possible.
There are companies out there for the sole purpose of insuring vintage/classic vehicles. They usually have limits on how many miles can be put on the bike per year. How they actually know? I have no clue. Check them out first. I will be looking into these companies myself for the motorcycles.
Right now I'm just waiting, gathering info for the lawyer as he needs it. He thinks it's odd they are putting up such a fight over this. Usually they just pay it out without much esp. since my claim is just a drop in the bucket. Like I said, I got the new girl that has to rationalize a paycheck.
There is a special place in hell for these folks that makes where Im probably going look like Disney Land.
Kev
-----Original Message-----
From: IndyDi-@aol.com [mailto:IndyDi-@aol.com]
Sent: Thursday, February 12, 2004 4:06 PM
To: Loopfram-@topica.com
Subject: Re: Insurance
Yea, come on Kevin...we need an update from your Very Miserable Destruction (VMD) insurance tale!
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<DIV><FONT face=Arial size=2>Kevin</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Same thing with a buddy of mine. They said his HD
Shovelhead was worth $10,500 with $9500 damage. OK lets settle. Pay
for the damage and I'll keep the bike. 1st offer something like $3000, keep bike
or $6500 payoff and ins keeps bike.</FONT></DIV>
<DIV><FONT face=Arial size=2>This went on for 2 yrs. with the ins.
raising their offer about $500-700 with each call, every 3-4 months. Marty
kept telling them if you want to settle, " pay the damages and quit calling
me." </FONT></DIV>
<DIV> </DIV>
<DIV> <FONT face=Arial size=2>Ins. used strategies like " Don't you want to
ride? Come on lets settle!" His answer was,
</FONT></DIV>
<DIV><FONT face=Arial size=2>"I have another bike to ride, pay for the
damages." Finally the claim agents boss wanted to close out the claim so
bad, that he took over negotiations and finally closed out at $9500
minus the $500 deductible. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Did I mention that Marty's wife worked for 10 yrs
writing ins for a multi-company ins. agent. Seems she knew what the claim agent
was going to do at every move. If the agents don't close the claims within a
certain length of time, it looks bad on their rep sheet for raises,
bonus, promotions, etc. That is why they want to close so
quickly.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>The moral of this story, don't drink
as much at the titty bar till your so drunk you run out of road, a
mile from the bar. </FONT></DIV>
<DIV><FONT face=Arial size=2>2nd moral, wait out the ins. co. if you can afford
to.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Loop content--recently got my new cyl kits from
Mark at MG Classics, thanks Mark and Josh.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Randy Wilson </FONT></DIV>
<DIV><FONT face=Arial size=2>SE SoDak</FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=-@midwestpension.com href="mailto:kgr-@midwestpension.com">Kevin
Graf</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=Loopf-@topica.com
href="mailto:Loopfram-@topica.com">Loopfram-@topica.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, February 13, 2004 7:47
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: Insurance</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff
size=2>Since you asked...</FONT></SPAN></DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff size=2>My
advice is that when you go out to get that beautifully restored Moto Guzzi
insured, be sure to get a policy that comes with a lawyer. As bad as lawyers
are, Ins. companies are worse.</FONT></SPAN></DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff size=2>I'm
still fighting the ins. co., well my lawyer is now. For those that don't know.
I crashed my Ambo at VMD in Mid-ohio last July. Yes
JULY! </FONT></SPAN></DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff size=2>When
I got the bike insured, my State Farm agent asked me to get an appraisal. I
did, even went to the place they suggested. This is pretty funny, since the
claims agent says the appraisal doesn't matter since MI does not have any sort
of clause for vintage/classic m/cs. Cars, yes, bikes, no.</FONT></SPAN></DIV>
<DIV><SPAN class=410310113-13022004><FONT face=Arial color=#0000ff size=2>The
appraised value on the bike was not outrageous, I got stuck with the "new
girl" that has something to prove. So far, I have got very few questions
answered, like, what the hell was my premium based on?? Just the runaround,
Why? cause they can't answer it without incriminating themselves, so I get the
runaround. The have offered me 1/2 the appraised value based on their market
value research, which of course is all on the low end. Pretty funny that they
can market research this when they don't even know what the hell a Moto Guzzi
is! Ah crap, same ol story, if it don't say H-D nobody in the general public
knows what your talking about. All the times we think it's sort of cool
when folks pull up and ask what it is we're riding and "I didn't know they
still made those" </FONT></SPAN></DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN class=410310113-13022004><FONT
face=Arial color=#0000ff>All that comes to bite you in the ass when it comes
to an insurance co paying you.They're thieves, worse yet robot thieves,
that refuse to try to understand, put on the blinders if what you
show them is not in their interest, even if it is correct. Oh! and you
are guilty party until proven otherwise.</FONT></SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>No matter what, get an appraisal, take photos, even
though the claims agent is saying it's worthless, I know otherwise. Without it
I wouldn't have a leg to stand on. </SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>And above all, don't trust them! and don't just roll
over if anything happens. They are not your friends, just want as much money
from you they can get without giving you a thing/or the least amount
possible.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>There are companies out there for the sole purpose of
insuring vintage/classic vehicles. They usually have limits on how many miles
can be put on the bike per year. How they actually know? I have no clue. Check
them out first. I will be looking into these companies myself for the
motorcycles.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>Right now I'm just waiting, gathering info for the
lawyer as he needs it. He thinks it's odd they are putting up such a fight
over this. Usually they just pay it out without much esp. since my claim is
just a drop in the bucket. Like I said, I got the new girl that has to
rationalize a paycheck.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>There is a special place in hell for these folks that
makes where Im probably going look like Disney
Land.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT face=Arial color=#0000ff size=2><SPAN
class=410310113-13022004>Kev</SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN
class=410310113-13022004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN
class=410310113-13022004> </SPAN>-----Original
Message-----<BR><B>From:</B> IndyDi-@aol.com
[mailto:IndyDi-@aol.com]<BR><B>Sent:</B> Thursday, February 12, 2004 4:06
PM<BR><B>To:</B> Loopfram-@topica.com<BR><B>Subject:</B> Re:
Insurance<BR><BR></DIV></FONT></FONT>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"><FONT
face=arial,helvetica><FONT size=2 PTSIZE="10">Yea, come on Kevin...we need
an update from your Very Miserable Destruction (VMD) insurance tale!
</FONT></BLOCKQUOTE></FONT></BLOCKQUOTE></BODY></HTML>
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