Bike crash insurance questions

On Mon, 06 Sep 2004 15:03:26 -0400, Badger_South
wrote:

On Mon, 06 Sep 2004 11:43:49 -0700, Dan Daniel
wrote:

Ask them this- would they ride this bike themselves?

Correction: would they ride this bike on a 40-50mph descent from the local
mountains.

If not a full replacement, any part with *any* sign of damage should
be replaced by them. Plus labor for the reassembly and swap overs.

Depends on what kind of frame. Aluminum or carbon and it needs total
replacement, I'm thinking.

-B


Oh, as far as I am concerned, the frame is totaled. 4 days old and a
broken fork? No way would I settle for less than full replacement of
the frame, no matter what the material.

I was referring to other parts. Hood scuffed? New brifters. Seat
ripped? New, and new seat post because who knows what happened to it
in the accident if the seat hit the ground? Scratch on the rear
derailleur? New.. on and on. By the time they get started with this,
they should realize that the cheapest way out is a full replacement.

And make the insurance company track down the prices and possible ways
to make back their money. I think the OP should sit tight on a full
replacement demand.

On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

Why are you talking with her insurance company's adjuster?

Send HER a bill for the cost of a new bike and let HER fight with HER
insurance company about it.

BLReed

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For collector coins and supplies at fair prices: http://tinyurl.com/pt9r
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On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

Why are you talking with her insurance company's adjuster?

Send HER a bill for the cost of a new bike and let HER fight with HER
insurance company about it.

BLReed

To e-mail me, remove the obvious spam trap.
For collector coins and supplies at fair prices: http://tinyurl.com/pt9r
Cool things and Bust Coin Forum: http://www.byronreed.com

"SuperSlinky" wrote in message
t...
I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

2004 Cannondale CAAD5 frameset 55cm - slight cosmetic damage to left
fork blade, no apparent structural damage to fork or frame under casual
inspection

2004 Campy Centaur group set including hubs - derailleur damaged, minor
damage to skewers, and right Ergo lever

Mavic Open Pro rims - Front bent in accident, rear wheel loose spokes
and off dish

Fizik Aliante full carbon leather saddle - a few very small rips in
leather

Shimano PD-R600 pedals - major scratches and gouges

Deda 215 Shallow handlebar

Ritchey WCS stem

American Classic seatpost

Conti Ultra 3000 tires

Shimano SH-R151 shoes - major scrapes and gouges

Drivetrain is noisy, suspect bent derailleur hanger, possibly frame.
Head tube, fork and headset absorbed most of the impact from the crash.
Stem was forced out of line and forced up the steerer tube. Headset was
very loose after the accident and could not be adjusted by me. A bike
mechanic reset it, against my instructions, but said structural damage
was unknown.

Repair estimates from bike shops equal or exceed the $2100 I have
invested in it from GVH Bikes. The frame has not been thoroughly
examined, but appears to be OK. GVH Bikes can replace the frame and fork
for $600 and the fork will be replaced regardless, so investing money
into examining the frame isn't very cost effective. Many parts are still
indistinguishable from new, but advice from bike shops varies widely as
to their fitness for their intended purpose. Some say all load bearing
parts should be scrapped for the sake of safety, others take the
attitude that if it doesn't look damaged, then don't worry about it.
Safely concerns aside, one problem is that the warranties on all of the
parts are gone now and, IMO, everything that isn't damaged should be
depreciated to the value of used parts.

I know that the bike is basically a total loss, in spite of the fact
that it could probably be fixed up and see years of trouble-free
service. But the insurance company wants a salvage value, either for
reduction of the settlement to me, or to sell it on their own. Honestly,
I don't know what they intend to do with it. So does anyone want to
offer an opinion as to the value of the bike in its current condition?
One approach I intend to offer to the insurance company is to put it on
eBay, exactly as described here and let the market decide. They can then
pay me the difference.

Let them get you a brand new bike, give them the old one and start riding
ASAP.


winnard

"SuperSlinky" wrote in message
t...
I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

2004 Cannondale CAAD5 frameset 55cm - slight cosmetic damage to left
fork blade, no apparent structural damage to fork or frame under casual
inspection

2004 Campy Centaur group set including hubs - derailleur damaged, minor
damage to skewers, and right Ergo lever

Mavic Open Pro rims - Front bent in accident, rear wheel loose spokes
and off dish

Fizik Aliante full carbon leather saddle - a few very small rips in
leather

Shimano PD-R600 pedals - major scratches and gouges

Deda 215 Shallow handlebar

Ritchey WCS stem

American Classic seatpost

Conti Ultra 3000 tires

Shimano SH-R151 shoes - major scrapes and gouges

Drivetrain is noisy, suspect bent derailleur hanger, possibly frame.
Head tube, fork and headset absorbed most of the impact from the crash.
Stem was forced out of line and forced up the steerer tube. Headset was
very loose after the accident and could not be adjusted by me. A bike
mechanic reset it, against my instructions, but said structural damage
was unknown.

Repair estimates from bike shops equal or exceed the $2100 I have
invested in it from GVH Bikes. The frame has not been thoroughly
examined, but appears to be OK. GVH Bikes can replace the frame and fork
for $600 and the fork will be replaced regardless, so investing money
into examining the frame isn't very cost effective. Many parts are still
indistinguishable from new, but advice from bike shops varies widely as
to their fitness for their intended purpose. Some say all load bearing
parts should be scrapped for the sake of safety, others take the
attitude that if it doesn't look damaged, then don't worry about it.
Safely concerns aside, one problem is that the warranties on all of the
parts are gone now and, IMO, everything that isn't damaged should be
depreciated to the value of used parts.

I know that the bike is basically a total loss, in spite of the fact
that it could probably be fixed up and see years of trouble-free
service. But the insurance company wants a salvage value, either for
reduction of the settlement to me, or to sell it on their own. Honestly,
I don't know what they intend to do with it. So does anyone want to
offer an opinion as to the value of the bike in its current condition?
One approach I intend to offer to the insurance company is to put it on
eBay, exactly as described here and let the market decide. They can then
pay me the difference.

Let them get you a brand new bike, give them the old one and start riding
ASAP.


winnard

On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

So does anyone want to
offer an opinion as to the value of the bike in its current condition?

If they've agreed to pay the cost of replacement, then unless you
really want to keep the damaged unit yourself, why bother? Let them
have the damaged bike, you take the new one, and they're stuck with
the task of disposing of (and presumably extracting some value from)
the damaged one.

One approach I intend to offer to the insurance company is to put it on
eBay, exactly as described here and let the market decide. They can then
pay me the difference.

Once again, why bother? Let *them* do the grunt work. Grab the new
bike and ride.

Seriously, though, if you want to keep the salvage, take a list of the
*known undamaged* parts, look at the completed items on eBay that are
similar, take an average of their value, add it up, subtract something
for your time in listing them and paying the listing fees, and present
it as a reasonable salvage estimate. Monetarily, your keeping the
salvage in exchange for a reduced payment will have the same effect as
buying all of those items on eBay yourself, except that you won't have
to pay the shipping. Then consider whether you want to buy all of
those items or not. If the answer is "no", then don't! Just hand the
bike to them, and be done with it.
--
Typoes are a feature, not a bug.
Some gardening required to reply via email.
Words processed in a facility that contains nuts.

On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

So does anyone want to
offer an opinion as to the value of the bike in its current condition?

If they've agreed to pay the cost of replacement, then unless you
really want to keep the damaged unit yourself, why bother? Let them
have the damaged bike, you take the new one, and they're stuck with
the task of disposing of (and presumably extracting some value from)
the damaged one.

One approach I intend to offer to the insurance company is to put it on
eBay, exactly as described here and let the market decide. They can then
pay me the difference.

Once again, why bother? Let *them* do the grunt work. Grab the new
bike and ride.

Seriously, though, if you want to keep the salvage, take a list of the
*known undamaged* parts, look at the completed items on eBay that are
similar, take an average of their value, add it up, subtract something
for your time in listing them and paying the listing fees, and present
it as a reasonable salvage estimate. Monetarily, your keeping the
salvage in exchange for a reduced payment will have the same effect as
buying all of those items on eBay yourself, except that you won't have
to pay the shipping. Then consider whether you want to buy all of
those items or not. If the answer is "no", then don't! Just hand the
bike to them, and be done with it.
--
Typoes are a feature, not a bug.
Some gardening required to reply via email.
Words processed in a facility that contains nuts.

On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

2004 Cannondale CAAD5 frameset 55cm - slight cosmetic damage to left
fork blade, no apparent structural damage to fork or frame under casual
inspection

Do not depend on casual inspection, get a full inspection. Being
Aluminum, if there is frame damage then there is 0 salvage value (Al
frames can be salvaged, but the process is complicated). But first
order of business is to get a full, detailed examination of the
damage.

- rick

On Mon, 06 Sep 2004 17:53:56 GMT, SuperSlinky
wrote:

I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

2004 Cannondale CAAD5 frameset 55cm - slight cosmetic damage to left
fork blade, no apparent structural damage to fork or frame under casual
inspection

Do not depend on casual inspection, get a full inspection. Being
Aluminum, if there is frame damage then there is 0 salvage value (Al
frames can be salvaged, but the process is complicated). But first
order of business is to get a full, detailed examination of the
damage.

- rick

SuperSlinky wrote:
I have spoken with the insurance adjuster after being hit by a car
running a red light last week and the biggest question mark so far
concerning a settlement is the salvage value of the bike. Repair
estimates are easy, but salvage value is a matter of opinion. The bike
was four days old and 100% mint at the time of the accident. Here is the
bike and damage detailed:

2004 Cannondale CAAD5 frameset 55cm - slight cosmetic damage to left
fork blade, no apparent structural damage to fork or frame under casual
inspection

2004 Campy Centaur group set including hubs - derailleur damaged, minor
damage to skewers, and right Ergo lever

Mavic Open Pro rims - Front bent in accident, rear wheel loose spokes
and off dish

Fizik Aliante full carbon leather saddle - a few very small rips in
leather

Shimano PD-R600 pedals - major scratches and gouges

Deda 215 Shallow handlebar

Ritchey WCS stem

American Classic seatpost

Conti Ultra 3000 tires

Shimano SH-R151 shoes - major scrapes and gouges

Drivetrain is noisy, suspect bent derailleur hanger, possibly frame.
Head tube, fork and headset absorbed most of the impact from the crash.
Stem was forced out of line and forced up the steerer tube. Headset was
very loose after the accident and could not be adjusted by me. A bike
mechanic reset it, against my instructions, but said structural damage
was unknown.

Repair estimates from bike shops equal or exceed the $2100 I have
invested in it from GVH Bikes. The frame has not been thoroughly
examined, but appears to be OK. GVH Bikes can replace the frame and fork
for $600 and the fork will be replaced regardless, so investing money
into examining the frame isn't very cost effective. Many parts are still
indistinguishable from new, but advice from bike shops varies widely as
to their fitness for their intended purpose. Some say all load bearing
parts should be scrapped for the sake of safety, others take the
attitude that if it doesn't look damaged, then don't worry about it.
Safely concerns aside, one problem is that the warranties on all of the
parts are gone now and, IMO, everything that isn't damaged should be
depreciated to the value of used parts.

I know that the bike is basically a total loss, in spite of the fact
that it could probably be fixed up and see years of trouble-free
service. But the insurance company wants a salvage value, either for
reduction of the settlement to me, or to sell it on their own. Honestly,
I don't know what they intend to do with it. So does anyone want to
offer an opinion as to the value of the bike in its current condition?
One approach I intend to offer to the insurance company is to put it on
eBay, exactly as described here and let the market decide. They can then
pay me the difference.

Salvage value is about $50. Sure you could part it out and sell bits
and pieces on Ebay, but after you figure in time spent at $XX/hour,
you'll be right back at $50 net.