7 replies to this topic

[chgolatin2]

I recently had my Yamaha R1 stolen, did all the PD reports, file a claim etc. Insurance its only willing to pay about $8,500 on a 12k bike so needless to say I didnt get gap insurance and it was not offered to me. Can anything be done to negotiate with the bank instead of getting on a big payment plan on something that I dont currently have. Can anything be done? Or has anyone dealt w this issue before?

With today economy I'm somewhat positive that something could be done w the banks or negotiate w the banks on making just one pay off payment instead of the whole amount owed... Not sure.. Need some advise

Thanks

[Purplehaze]

Sorry,,,never had anything like this happen to me...Have you spoken with an attorney that specializes in insurance etc..>

[chgolatin2]

Never thought about that or heard of anyone talking to an Attorney that specializes in insurance claims... I will look into it. Thanks

[schultz1]

Sorry,,,never had anything like this happen to me...Have you spoken with an attorney that specializes in insurance etc..>

+1. Takes a snake to negotiate with snakes. Good luck brother.

[Purplehaze]

Never thought about that or heard of anyone talking to an Attorney that specializes in insurance claims... I will look into it. Thanks

Yeah,,never take what the insurance is offering you without consulting someone first..I believe you can be helped with this...Good Luck

[Pilo18]

Im sorry about the lost, I had my CBR stolen a good while back. I did not have full coverage and with only 2200 miles on it was still a brand new bike.

Push for a higher claim payment, and I believe as long as your bank doesnt lose money they are willing to work with payouts

[Beastm0de]

That sucks man, nothing worse than a thief!! GAP or at least additional coverage is very nice to have these days when the worth of something drops faster than the rate that the consumer can pay for it!

[Gumby]

Do you have home owners insurance? See if they will cover the difference!
I am personally not sure if they cover automotive such as a cycle, but if you have it, give it a shot. I'll ask someone in my family who does insurance.