Subject: RE: Insurance (somewhat long)
Author: Kevin Graf
Date: Feb 13, 2004, 8:58 AM
Post ID: 1716033776
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Oh I can wait. I want the bike back, allot of good parts on the thing and I
could get it back on the road fairly quickly, Not up to par with where it
was before without time but I would have it back.
I do have another bike to ride and my loop is worth the wait for me.
Another funny thing is that the bike is at a pals shop. He's charging
them(not me, whew!) $10 a day. So I know they got that hanging over their
head, although the owner of the shop does not have high hopes of ever
getting the storage fees. But any pressure I can get on them the better.
Kev
-----Original Message-----
From: ranjan [mailto:ran-@alliancecom.net]
Sent: Friday, February 13, 2004 11:22 AM
To: Loopfram-@topica.com
Subject: Re: Insurance (somewhat long)
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><SPAN class=530503916-13022004><FONT face=Arial color=#0000ff size=2>Oh I
can wait. I want the bike back, allot of good parts on the thing and I could get
it back on the road fairly quickly, Not up to par with where it was before
without time but I would have it back.</FONT></SPAN></DIV>
<DIV><SPAN class=530503916-13022004><FONT face=Arial color=#0000ff size=2>I do
have another bike to ride and my loop is worth the wait for
me.</FONT> </SPAN></DIV>
<DIV><SPAN class=530503916-13022004><FONT face=Arial color=#0000ff
size=2>Another funny thing is that the bike is at a pals shop. He's charging
them(not me, whew!) $10 a day. So I know they got that hanging over their head,
although the owner of the shop does not have high hopes of ever getting the
storage fees. But any pressure I can get on them the better.</FONT></SPAN></DIV>
<DIV><SPAN class=530503916-13022004><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=530503916-13022004><FONT face=Arial color=#0000ff
size=2>Kev</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> ranjan
[mailto:ran-@alliancecom.net]<BR><B>Sent:</B> Friday, February 13, 2004
11:22 AM<BR><B>To:</B> Loopfram-@topica.com<BR><B>Subject:</B> Re:
Insurance (somewhat long)<BR><BR></FONT></DIV>
<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></BLOCKQUOTE></BODY></HTML>
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