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Offline VMAN

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Insurance Scam
« on: February 02, 2009, 09:19:43 am »
A friend of mine recently had a small tumble with his GSA, nothing too serious, he even rode it home, mostly cosmetic damage, i.e. screen, mirror, dent in the tank, etc. He then took it to his nearest BMW dealership for an insurance quote.
BMWs quote = R82 000!!!! Thus the assessor advises that the bike will be written off.

If that isnt a big enough scam, wait, there is more.....
Within 30 minutes of the assessor telling him that the bike will be written off, he gets 3 phone calls from people willing to pay him money to buy back the bike from the insurance for them. Offers range between R5k and R15k as it seems he has first option of buying the bike back from the insurance company.

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Offline Adventurer

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Re: Insurance Scam
« Reply #1 on: February 02, 2009, 09:27:04 am »
Who is he insured through?

When BMW quote to repair a bike, they quote for EVERYTHING....that type of quote is quite possible.

But getting phone calls very soon after the quote is a bit suspect...
If you can keep your head in the midst of all this confusion, you don't understand the situation!
 

Offline the_BOBNOB

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Re: Insurance Scam
« Reply #2 on: February 02, 2009, 09:31:07 am »
and that is the reason why bike insurance is so f@rking high  >:(

sure if its is safety critical replace it - but replacing an entire tank cause it has a dent in it is just stupid  ???

what happened to fixing the dent respraying etc - good as new and cost R1.5k and not R20k for a new tank  ???
 

Offline Adventurer

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Re: Insurance Scam
« Reply #3 on: February 02, 2009, 09:44:45 am »
The GSA tank is plastic, how bad is the dent?
If you can keep your head in the midst of all this confusion, you don't understand the situation!
 

Offline the_BOBNOB

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Re: Insurance Scam
« Reply #4 on: February 02, 2009, 09:48:56 am »
The GSA tank is plastic, how bad is the dent?

okay but you get what i'm saying - replacing instead of fixing
 

Offline Adventurer

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Re: Insurance Scam
« Reply #5 on: February 02, 2009, 09:57:29 am »
BMW do repair certain parts, Peaches' bike had the beak and tank cover resprayed once.

Can a plastic GSA tank be repaired if it is dented?

IMO the customer should have the option of approving the quote, he/she may be ok with certain parts being left as they are, but their quotes include every little thing that is remotely damaged.
I saw a GSA that had been scrapped, the scrapyard guy reckoned it would take him 4 hours and about R30K worth of parts to put it back to pristine condition, it had been in a front end prang.

Ultimately it seems the scrap guys are scoring here. Often they only sell a scrapped bike as is, will not strip parts off it.
If you can keep your head in the midst of all this confusion, you don't understand the situation!
 

Offline Adventurer

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Re: Insurance Scam
« Reply #6 on: February 02, 2009, 10:02:22 am »
This whole issue wrt bikes being written off has been done to death, what concerns me is this guys details are being given out to various salvage people, smacks of insider info.....
If you can keep your head in the midst of all this confusion, you don't understand the situation!
 

Offline Operator

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Re: Insurance Scam
« Reply #7 on: February 02, 2009, 10:04:44 am »
This whole issue wrt bikes being written off has been done to death, what concerns me is this guys details are being given out to various salvage people, smacks of insider info.....

I agree...........this is fairly suspicious.
 

Offline VMAN

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Re: Insurance Scam
« Reply #8 on: February 02, 2009, 10:07:46 am »
Sorry, didn't know this topic has been posted before.

Can I close it?
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Offline Operator

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Re: Insurance Scam
« Reply #9 on: February 02, 2009, 10:10:00 am »
Sorry, didn't know this topic has been posted before.

Can I close it?

No............by all means..........it is good that this kind of info be shared.  :thumleft:
 

Offline bmad

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Re: Insurance Scam
« Reply #10 on: February 02, 2009, 10:53:57 am »

IMO the customer should have the option of approving the quote, he/she may be ok with certain parts being left as they are, but their quotes include every little thing that is remotely damaged.

As the client you do have the option to approve the quote.
You should be able to decide what is fixed and what is not as it will ultimately determine your future insurance amount and status.

RTR dumped his bike in Lesotho and the quote was R64K. He chatted with the assessor and they got the quote down to R15K (only replaced the starter and clutch).

Anyway, the insurance stuff sounds like a scam indeed!  :-\
I'm not a complete idiot, some parts are missing!
 

Offline malgat (RIP)

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Re: Insurance Scam
« Reply #11 on: February 02, 2009, 11:25:45 am »
helllo,,,,insurance...of course its a scam !!!!!!!!!!!!

what did you think,,,,they are there to help you????
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Offline cone

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Re: Insurance Scam
« Reply #12 on: February 02, 2009, 12:02:00 pm »
You should,nt blame the insurance company. The repairer quotes for what is damaged and the assessor can adjust the quote if he thinks it is unreasonable. Bike parts are extremely expensive and the owner of the bike usually insists on new parts, they are never happy with repaired or second hand parts. So who is too blame when premiums go up? having said this there are often behind the scene dealings between some claims clerks, assessors and the scrap dealers.
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Offline Operator

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Re: Insurance Scam
« Reply #13 on: February 02, 2009, 12:09:18 pm »
I think the suspicious dealings is between the assessors and the scrapdealers.  8)

but this is all only a conspiracy theory.
« Last Edit: February 02, 2009, 12:09:51 pm by Operator »
 

Offline michnus

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Re: Insurance Scam
« Reply #14 on: February 02, 2009, 12:30:42 pm »
The big question here is what are you going to do about it?

Offline Big H

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Re: Insurance Scam
« Reply #15 on: February 02, 2009, 12:51:44 pm »
A buddy of mine recently bought a brand-new 2008 R1200GSA for less than 150K from somebody who buys written-off bikes and fixes them.

A new one will currently cost you 169K, so that's more than 20K off the price you will pay at a BMW dealer.

I had a look at the bike and it was brand-spanking-new and hardly ridden at all. Obviously one of those bikes that was "written off" because the cosmetic damage on it was too expensive to fix if everything was replaced by new parts.

My buddy scores.
The guy who fixes the written-off bikes scores.
The assessor probably scores too...  >:D
Us poor sods who pays insurance loses..........

 >:(
 

Offline michnus

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Re: Insurance Scam
« Reply #16 on: February 02, 2009, 12:57:49 pm »
A buddy of mine recently bought a brand-new 2008 R1200GSA for less than 150K from somebody who buys written-off bikes and fixes them.

A new one will currently cost you 169K, so that's more than 20K off the price you will pay at a BMW dealer.

I had a look at the bike and it was brand-spanking-new and hardly ridden at all. Obviously one of those bikes that was "written off" because the cosmetic damage on it was too expensive to fix if everything was replaced by new parts.

My buddy scores.
The guy who fixes the written-off bikes scores.
The assessor probably scores too...  >:D
Us poor sods who pays insurance loses..........

 >:(


Your buddy is sitting with a code 3 bike, lets wait and see how much he get for the bike when he wants to sell.

Offline the_BOBNOB

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Re: Insurance Scam
« Reply #17 on: February 02, 2009, 01:10:51 pm »
i'm sorry i wont spend 150k for a code 3 if a brand new out of the box is 170k

buying a almost new code 3 is like marrying a young prostitute  >:D

 :peepwall:
« Last Edit: February 02, 2009, 01:11:52 pm by the BOBNOB »
 

Offline Hondsekierie

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Re: Insurance Scam
« Reply #18 on: February 02, 2009, 02:16:51 pm »
Not all insurance write-off's are made code 3

Don't know what the criteria is but that opens an avenue for sirias irregularities
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Offline Boerie

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Re: Insurance Scam
« Reply #19 on: February 02, 2009, 02:17:47 pm »
i'm sorry i wont spend 150k for a code 3 if a brand new out of the box is 170k

buying a almost new code 3 is like marrying a young prostitute  >:D

 :peepwall:

and your problem is ?????  :ricky: :ricky: :pot: :pot: :imaposer:
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