Hi there everyone.
I've recently had an accident where I was knocked off my 2011 z750r by a car coming off a side road onto a main road. He had edged out to force thetraffic on my side of the road to stop, while waiting for traffic on the far side to the the same. I was filtering as the traffic had stopped and as I was drving past he pulled out and hit me.
The 3rd party's insurers have accepted responsiblity and are looking to give me my intitial payout to replace my bike as it was written off. Initially I was offered £4300 as this is what the Glass guide suggests, however in the real world most 2011 models of my bike are selling for £5500.
I got back to BLD who are dealing with my claim for me and they asked for examples of bikes similar to my own and they would renegotiate with the 3rd party insurer on price. I did this and provided them with 3 examples (there are many more) of similar bikes to mine witht he prices.
BLD have contacted me today and relayed this message:
engineer has advised they can increase the value to £4387.50 which is
the mid point between glass guide value of £4300 and CAPS guide of
Our engineer noted the examples provided by your client were not NBF model specific"
I have got back to BLD explaining that is not going to be enough money to buy a replacement bike "like for like". I am just wondering where I stand with this as I was in an accident that wasn't my fault, my bike has been written off and I need that money to replace it.
I have seen one example of a 2011 model for £5000 but every ohther example is around the £5500 mark and I want to receive what the bike is worth.
Sorry for the very long post, but I thought it might be best to give a clear picture of what has happened.
Thanks in advance to anyone who replies.