I was hit by a car- Insurance help
Posted: 05 Mar 2013, 19:40
Dear DHBC brains trust
a few weeks ago i was hit by a car(actually i hit the car like a champion, put a nice dent in the side) The driver was 100% at fault and had done a left hand turn across my path. I had no time to slow down. In the process my bike was written off. but i managed to escape without a scratch!
good news is the dirver loged a claim, bad news the insurance company wants to give me $2250 for a bike that will cost $3500 to replace. they claim depriciation. The bike was only 5 months old.
this leaves me with 3 problems,
1- i can't replace the bike becaus i have no money to spend at the moment
2- i don't really have money to pay for a lawyer to help with the case
3- i know i might be asking a lot but i don't want a lower end bike. I just want the bike i had.
here are the details from NRMA in regards to the
Dear Ms Wilmot
We refer to the phone conversation dated 05/03/2013 with consultant Reece. Below is our
settlement offer and outline as to how we came to this figure.
In regards to this claim, you have provided us with a quotation to put you in the same position
pre-accident via the bike shop MC Cyclery. The quote explains that your bike (damaged in the
incident) was a Giant Advanced TCR 2 2012 model and that it is beyond repair and requires a
replacement of a 2013 Giant Advanced TCR 2 as this is the current and equivalent model, the
price proposed by MC Cyclery is $2999.
In order to expedite this claim, we have offered a settlement to you of $2250 on 04/03/2013.
This is supported by the following.
a.) The bike shop has advised that the bike is beyond repair because there is a crack in
the frame; however there are no x-rays or ultrasonic scans to advise that the
structural integrity of the frame has been compromised. The bike has not been
referred to a carbon repairer for assessment.
b.) The bike proposed as a replacement is a 2013 bike, the bike that was owned by you
and was damaged in this incident was a 2012 model bike.
c.) The reference of our price to how much your bike was worth in its prior accident
condition is not a recommendation or suggestion to you to buy a bike for this price. It
is a comparative quote obtained showing that a bike of same make, model and
condition could be purchased for this price at any time.
d.) Your bike would not be considered new as it had been ridden and was 6 months old
at the time of the incident
e.) We have sourced a price for a second hand, 6 month old Giant TCR Advanced 2013
via the website Gumtree for $2300 available in the Bankstown area
f.) We have sourced a price for a brand new 2012 Giant TCR Advanced 2012 Model for
$2250 from a supplier in Australia via the website bikechange.com.au
Our settlement methods are based on providing you the fair and reasonable cost of the items
of yours that were damaged in the incident involving our client. It is part of our process to
source pricing on these items to ensure you are not profiting from the claim.
Settlement can be made via Cheque or EFT Electronic Bank Transfer. Please contact us in
due course to advise how you wish to settle the claim
Any ideas would be great.
i just want a bike that i can use to get back to racing.
a few weeks ago i was hit by a car(actually i hit the car like a champion, put a nice dent in the side) The driver was 100% at fault and had done a left hand turn across my path. I had no time to slow down. In the process my bike was written off. but i managed to escape without a scratch!
good news is the dirver loged a claim, bad news the insurance company wants to give me $2250 for a bike that will cost $3500 to replace. they claim depriciation. The bike was only 5 months old.
this leaves me with 3 problems,
1- i can't replace the bike becaus i have no money to spend at the moment
2- i don't really have money to pay for a lawyer to help with the case
3- i know i might be asking a lot but i don't want a lower end bike. I just want the bike i had.
here are the details from NRMA in regards to the
Dear Ms Wilmot
We refer to the phone conversation dated 05/03/2013 with consultant Reece. Below is our
settlement offer and outline as to how we came to this figure.
In regards to this claim, you have provided us with a quotation to put you in the same position
pre-accident via the bike shop MC Cyclery. The quote explains that your bike (damaged in the
incident) was a Giant Advanced TCR 2 2012 model and that it is beyond repair and requires a
replacement of a 2013 Giant Advanced TCR 2 as this is the current and equivalent model, the
price proposed by MC Cyclery is $2999.
In order to expedite this claim, we have offered a settlement to you of $2250 on 04/03/2013.
This is supported by the following.
a.) The bike shop has advised that the bike is beyond repair because there is a crack in
the frame; however there are no x-rays or ultrasonic scans to advise that the
structural integrity of the frame has been compromised. The bike has not been
referred to a carbon repairer for assessment.
b.) The bike proposed as a replacement is a 2013 bike, the bike that was owned by you
and was damaged in this incident was a 2012 model bike.
c.) The reference of our price to how much your bike was worth in its prior accident
condition is not a recommendation or suggestion to you to buy a bike for this price. It
is a comparative quote obtained showing that a bike of same make, model and
condition could be purchased for this price at any time.
d.) Your bike would not be considered new as it had been ridden and was 6 months old
at the time of the incident
e.) We have sourced a price for a second hand, 6 month old Giant TCR Advanced 2013
via the website Gumtree for $2300 available in the Bankstown area
f.) We have sourced a price for a brand new 2012 Giant TCR Advanced 2012 Model for
$2250 from a supplier in Australia via the website bikechange.com.au
Our settlement methods are based on providing you the fair and reasonable cost of the items
of yours that were damaged in the incident involving our client. It is part of our process to
source pricing on these items to ensure you are not profiting from the claim.
Settlement can be made via Cheque or EFT Electronic Bank Transfer. Please contact us in
due course to advise how you wish to settle the claim
Any ideas would be great.
i just want a bike that i can use to get back to racing.