Got $11,500 for totalled R1
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661 Posts
similar thing happened to me...i got 400$ over waht i paid for my last gixxer
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55 Posts
I agree with the insurance premiums. Get something smaller or don't get a bike at all for a while. You're going to get raped by the insurance company. Sorry for the loss though.
Insurance was designed for the purpose of protecting you from loss; clearly this individual met those requirements and was subsequently reimbursed for such loss. That said, why such angst toward premiums?
Are you suggesting that the individual should cover the loss himself, rather than be afforded the protections of insurance he was entitled too? Accidents happen, hence the reason why the insurance industry flourishes.
IMO, if you can’t afford the insurance, then don’t ride; the increase in premium prices are part of our sport and subject to varied skill levels. Do you actually believe that an individual considers the cost of a premium increase at the moment of impact? Not to mention the residual trickledown effect that will occur throughout the industry? Accidents do and will happen, they are not personal vendettas toward the cost of your insurance premium!
ac·ci·dent P Pronunciation Key ( k s -d nt, -d nt )
n.
1.
a. An unexpected and undesirable event, especially one resulting in damage or harm: car accidents on icy roads.
b. An unforeseen incident: A series of happy accidents led to his promotion.
2. Lack of intention; chance: ran into an old friend by accident.
3. Logic. A circumstance or attribute that is not essential to the nature of something.
Are you suggesting that the individual should cover the loss himself, rather than be afforded the protections of insurance he was entitled too? Accidents happen, hence the reason why the insurance industry flourishes.
IMO, if you can’t afford the insurance, then don’t ride; the increase in premium prices are part of our sport and subject to varied skill levels. Do you actually believe that an individual considers the cost of a premium increase at the moment of impact? Not to mention the residual trickledown effect that will occur throughout the industry? Accidents do and will happen, they are not personal vendettas toward the cost of your insurance premium!
ac·ci·dent P Pronunciation Key ( k s -d nt, -d nt )
n.
1.
a. An unexpected and undesirable event, especially one resulting in damage or harm: car accidents on icy roads.
b. An unforeseen incident: A series of happy accidents led to his promotion.
2. Lack of intention; chance: ran into an old friend by accident.
3. Logic. A circumstance or attribute that is not essential to the nature of something.
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2,472 Posts
Great news, guess I won't be looking at purchasing it from you then. Thanks.
Ian
Ian
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2,089 Posts
Increase in premiums, huh? Well, I concur. My buddy totalled his Gixx 1K two weeks ago. State Farm cut him a check for $10,600 and is paying for all his gear. He spoke with them today and asked specifically about a premium increase. No increase at all, directly from the horse's mouth. It's not until he totals two, maybe three more bikes will they drop him. No rate increase in the forseeable future for this bike. Now, if he totals another one, that may be a different story but as for now, $72 a month, just like before...
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