Insurance Claim Question

[steve]

Here's how it works:-

I am drunk and crash into your car

My insurance declines my claim

You claim from your insurance and gret paid

Your insurance sends me a demand for the amount they've paid you

My car is written off so I owe Wesbank R200 000 & your nice BMW 7 series was written off so I owe R800 000 there.

 

My assets are R100 000 but by now medical aid hasn't paid my claim which was R48 000, my lawyers want their money R52 000 and my house is worth R1m but I owe R680 000 on it and my wife decides to leave me and take half the house which is a major problem because I work for myself from home.

 

I am in the pooh because I drink and drive  ....... don't do it!!

[widget]

Yup, pretty straight forward, isnt it steve.!

 

Amazing how many folk still risk it though.

[Eugene]

Thanks for the informative comments. Yes, I have been for xrays, was examined by an orthapaedic surgeon and an attorney has already put the wheels in motion for an MVA claim.

 

Just one thing, every body rips off Arnie with his "please wear your helmut" comment every Tues night. After this accident, I've realised that he can't say it enough times. My helmut is in half (that could've been my head), but something I've learned is that all Bell helmuts come with an accident replacement warranty. If the helmut is damaged, you can return it to a shop and get a new one at only 30% of the selling price. That is good service.

[MintSauce]

Ek is by Cyclesure....dit maak my bekommerd.

Wie anders is daar?

 

 

[widget]

Ek is by Cyclesure....dit maak my bekommerd.

Wie anders is daar?

 

 

 

All insurers will cover your bike, but in general I think "Mutual and Federal" have one of the better "attitudes" when it comes to paying out this type of claim. 

widget2007-09-05 05:27:39

[Mudsimus]

I'm moving from cyclesure to M&F, my premium is a hundred bucks less for the same type of cover.

[MintSauce]

My problem is that I rent at the moment so don't have a personal policy.

 

My personal vehicle is with my business insurance which they(the insurance company) allow because I'm a partner, but they won't cover my bike.

 

I need someone that will cover the bike only

MintSauce2007-09-05 05:58:14

[Mudsimus]

pedalsure?

[MintSauce]

Is hulle beter?

[Delgado]

 

really? wouldn't the other guy's insurance be obliged to sort out your car then hit him/her for the costs? just curious.

No! There would be no obligation from the 3rd parties insurer to effect any settlement even assuming that he may have been comprehensively insured. Alcohol would be an exclusion under his coverage. The only way his insurance may respond is under a litigation action where you demand/sue for damages and the 3rd party is in posession of personal liability insurance. Here aspects like alcohol are not excluded and all you need to demonstrate is negligence on the 3rd parties behalf having led to your loss.....

[amateur]

For those of you not happy with the way your insurance companies are dealing with your claims, phone the Short term Insurance Ombudsman:

011 726 8900 or fax 011 726 5501 or write to PO Box 32334, Braamfontein 2017.

 

Phsyco, ek stel voor jy bel hulle dadelik, hulle regileer alle kort termyn versekeraar's.

 

[Cruxpearl]

Amateur

Sadly,  I referred the dispute with Cyclesure to the Ombudsman, who referred it to the underwriting company, who felt that their assessor knew more about Carbon Fiber and fatigue being the cause of the failure of the carbon, than the structural carbon fiber engineer of the company that manufactures the wheels and who wrote a letter stating that it is the Wheel Manufacturer's assessment that the wheels failed as a result of direct impact, as carbon fiber does not fatigue...

And the Ombudsman accepted the Underwriters siding with the assessor rather than the expert opinion of the Wheel Manufacturer's design structural Carbon Fiber Engineer....

 

Figure That!!!!

[ewep]

Crux, did you insure your bikes somewhere else?

 

[widget]

Amateur

Sadly' date='  I referred the dispute with Cyclesure to the Ombudsman, who referred it to the underwriting company, who felt that their assessor knew more about Carbon Fiber and fatigue being the cause of the failure of the carbon, than the structural carbon fiber engineer of the company that manufactures the wheels and who wrote a letter stating that it is the Wheel Manufacturer's assessment that the wheels failed as a result of direct impact, as carbon fiber does not fatigue...

And the Ombudsman accepted the Underwriters siding with the assessor rather than the expert opinion of the Wheel Manufacturer's design structural Carbon Fiber Engineer....

 

Figure That!!!!

[/quote']

 

Sad, isnt it Crux.

 

Its much the same in many fields, anytime a regulatory body is staffed by members of the same fraternity (ie)their own peers - you will seldom get a fair and equitable solution.  

widget2007-09-05 09:31:47

[Cruxpearl]

Crux' date=' did you insure your bikes somewhere else?
[/quote'] I am busy investigating an alternative solution for the whole Club, of which about 20 riders insure with Cyclesure...

It's one thing to piss of one small client...

It's a bit bigger if the client can negotiate a better deal for the whole club and lose 20-30 clients, maybe more...

[Mudsimus]

Same here. I refered all my clients to cyclesure. After the service I experienced over the last few weeks I now refer them to a different company.