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How Can I Fight an Unfair Insurance Company?

I was hit and injured while I had the right of way on a road by an underinsured driver. We are both insured by the same company. My motorcycle suffered damages assessed by my authorized Honda mechanic to cost $10,900 to repair.  However the repair estimate the insurance company states is $11,700.00 and declared my cycle a total loss and initially offered me $9000.00 to settle, using "AutoSource" as their source to determine the cycle's valuation.  I provided the insurance company with a list of aftermarket parts totaling $8400.00+ that I had either had installed on the Wing, used in the course of its operation. They accepted receipt of the list but later ignored it, later offering $12,700.00. They claim their reason for not agreeing to have the cycle repaired is that regardless of the Honda mechanic's assessment, additional damage and expense "might" be noted. How can I fight the insurance company and get compensatory damages from them?

Asked By: regardless777 - 4/17/2006
Best Answer - Chosen by Asker
I'll answer following your question sentence by sentence. Your mechanic has a lower estimate than the insurer...Well, estimates are, in fact, "estimates". The appraiser for the insurer may have seen additional damage, or their could have been a part price increase. Or, the mechanic's estimate was for structural and... More
Answered By: OneManWrites - 4/20/2006
Additional Answers (6)
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Answered By: matahari - 4/17/2006
 
You have to get a lawyer. Insurance adjusters are the scum of the Earth and will do anything to low-ball you. Don't look to your insurance company for help because these guys watch out for each other. Lawyers are the only way to get their attention, I'm afraid.
Answered By: rkallaca - 4/17/2006
 
get a lawyer and cont back down!
Answered By: kmgoddessxxxx - 4/17/2006
 
Every State has an Insurance and Banking Commission. It may be a good idea to contact them for an explanation of your State's laws regarding compensatory damage settlements... More
Source(s):
Answered By: tennis ball - 4/17/2006
 
You are not going to get the full price that you paid for the bike. Insurance companies factor in depreciation. Just like with a car, a used bike is worth less than a new bike.
Answered By: Rich - 4/17/2006
 
First of all, if you hire an attorney he/she will typically take 1/3 of the settlement, so you will net less. I'm not clear if you want your bike repaired, or you just don't agree with the company's offer. If the cost to repair exceeds the actual cash value, it's not repairable, and the company owes you the actual... More
Answered By: frameking - 4/20/2006
 
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