what to do with £750 insurance payout
nice components and wheels etc, then sell bits of current bikes?
Buy something bigish and then ask for store credit for the change, to spend at your convenience (if the store will let you?)
Bulk purchase of gear cables/chains/tyres to keep you stocked for next few years?
another bike (maybe a cheap road bike?)Posted 5 years agoalthepalSubscriber
Can they replace the bike like for like with the new equivalent?Posted 5 years ago
If not then its not really fair to insist that you HAVE to use their retailer..
Also, this one off, limited time only offer? That’s bollocks that is.. You should have a credit that lasts a set amount of time not a hurry up and use it voucher..
Go through your policy conditions and definitions- look up new for old and like for like.. If its not the exact make and model or the new equivalent you should be entitled to the retail value less your excess. If they can’t replace it like for like they should be settling at full retail cost less your excess, NOT the cost to them to replace with something similar less excess through their own suppliers..
Sounds like sharp practice- complain and go to the ombudsman.richardwheelMember
It’s a bit of a problem. I never got round to itemise the bike on the insurance so although I’d spent 1K on the bike, the max they say they will pay is £500 (-£100 excess).
I can either take a cheque for £390 (don’t ask where the £10’s gone!)
Get something for £750 off Wheelies and pay £100 excess. I would want to sell on and recoup as much cash as possible.
It’s taken forever to get to this point, many many phone calls and really poor service so I really want to get to the end of it as soon as possible!Posted 5 years ago
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