Stolen BlackAfrica Twin Plaza Pelani in JB

[dragonforce]

assuming insurance bought includes fire and theft.. how would the insurance company pay you back? according to the open market value as at the logcard of the bike?

[fiery]

Hmm.. I jus heard that we cannot claim the insurance for bikes lost in jb.

[racingter]

wah bike stolen in front of security cams some more...

 

i will help to look out ...

[wanaero]

fiery some insurance do cover west malaysia.. so read ur insurance before u apply for it.. hehe hope u find ur bike soon bro..

[Tyrian]

if u guys want, try to send ur bike to those bike/car wash shops..

 

i usually send my bike for a wash and had some bites nearby. after abt 45 min, the bike still there with the bike wash shop..

 

at least i paid RM8 for them to wash and "look" after my version S

[edouard_g]

assuming insurance bought includes fire and theft.. how would the insurance company pay you back? according to the open market value as at the logcard of the bike?

 

Here is how Insurance claim worked out.

 

1/ Wait 4 months.

 

2/ NTUC: offer me 3K as "market value at time of loss".

 

3/ NTUC: New insurance quotations for other bike now show claims history 3001-5000, which is less than the offer, and premium up 50%!

 

3/ ME: Provide NTUC evidence that the market value is NOT 3K but 6K.

 

4/ NYUC: Claim this is the amount the "independant valuer" , "based on

market info" has provided them.

 

5/ ME: Accept 3K on condition that NTUC can provide a single piece of data from the valuers database that support the 3K "market value"

 

6/ NTUC: Offer 4K, claiming the valuer changed their "market value" after lookin at my research (no market data offered to support the 3K)

 

7/ ME: if evidence shows that market value is 6K why should I accept 4K, i'll be reasonable and accept 5K please.

 

8/ NTUC: Will ask approval from "higher ups"

 

.....

 

12,672,456/ NTUC: the higher ups approved 4.5K.

 

12,673,457/ ME: Hooray! thanks for not very much.

 

Insurance lesson 1:

 

Independent valuers are

 

1: not independent.

or

2: not really valuing.

or

3: Having their reports sent to the recycle bin.

 

 

Insurance lesson 2:

 

Your policy is NOT as stated "market value" but " negotiated pay out at time of loss"

 

Insurance lesson 3:

 

Claims will increase your premium 50% or more regardless if your fault.

 

Ect...

 

Now, if the payout is nego, why is the premium not I wonder?

 

Ed.

[diddy the patient]

skali forget to take out key...

[racingter]

my GOd those scumbags who steal bikes....