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Old 11-11-11, 04:51 PM   #26
LongIslandCamper
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Originally Posted by Denelle View Post
He specifically said that no one needs such an expensive bike. He said he's unemployed, and if he had an extra $400 laying around, he'd be putting it towards his past due rent. He said that he is willing to give me his bike, or possibly scrape together some money to buy a Walmart replacement bike, but he refuses to spend so much to fix mine when he can buy something new for less (she was riding one of my bikes, not her own).

My husband is unemployed as well. I find it to be a sorry excuse. There's no reason to be driving around illegally without insurance either.

Our insurance agent agreed to send him a letter stating the repairs and that he needs to pay it, but basically said we're pretty out of luck unless we file in small claims court


People are funny. About 9 years ago I bought my very first new car. I only had the car for about 2-3 months when I got hit from behind. I was stopped at a stop sign for 30 seconds when I got hit. The young girl that hit me said she was reaching down becuase her cigarettes fell to the floor, that's why she hit me. The girl had insurance and I contacted me agent as well as her agent since I was completely not at fault. I only had minor damage to my car but I was really annoyed since it was my very first new car which was only 3 months old. I took pics of the damage and then paid for the repair myself.

The girl still didn't report the accident to her insurance company. I was very patient. Eventually I called the girl and told her very politely that I paid for the reapir myself and all she had to do was report the incident so I could be reimbursed from her insurance. Her response to me was "you shouldn't have paid to fix your car!" I told her the car was only 2 months old and that I didn't want to look at that damage on a car with less then 400 miles on it. She hung up on me. A few days later I went to file in small claims. She received a certified letter in the mail from the local court a few days later and a few days after that I had a check in my hand from her insurance company for the reimbursement. lol
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Old 11-11-11, 05:43 PM   #27
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Which is all very well, but this guy DIDN'T have insurance, he could go to small claims, lose and still not pay up. That is the issue here.
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Old 11-11-11, 11:41 PM   #28
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Which is all very well, but this guy DIDN'T have insurance, he could go to small claims, lose and still not pay up. That is the issue here.
Hence, my coffee-can insurance policy. Some said "oo, my bike is sooo expensive, that doesn't cover it." I ask, how long has it been since you have had an accident that destroyed your bike? Me, it's been 5+ years since I started, I haven't used it yet. That's $3000 that is sitting there earning more interest, rather than padding the pockets of Allstate, et. al. If I have an "owie", I have good medical insurance in case the driver has nothing.

The "all risk" rider does sound intersting. I will have to check that out with my agent. That might free up a chunk o' cash... N+1
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Old 11-11-11, 11:47 PM   #29
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Hence, my coffee-can insurance policy. Some said "oo, my bike is sooo expensive, that doesn't cover it." I ask, how long has it been since you have had an accident that destroyed your bike? Me, it's been 5+ years since I started, I haven't used it yet. That's $3000 that is sitting there earning more interest, rather than padding the pockets of Allstate, et. al. If I have an "owie", I have good medical insurance in case the driver has nothing.

The "all risk" rider does sound intersting. I will have to check that out with my agent. That might free up a chunk o' cash... N+1
why not have that money in the bank or something earning %?
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Old 11-12-11, 08:58 AM   #30
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why not have that money in the bank or something earning %?
Current interest rate for a basic Chase savings account: 0.01%.
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Old 11-12-11, 09:10 AM   #31
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Check with your home owners insurance, i think if your bike was stolen from your house it would be covered so worth a phone call --- take this guy to small claims court. Even if he doesn't have any assets you can inconvenence him.
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Old 11-12-11, 09:30 AM   #32
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Provided he bothers to turn up.

This is the problem with small claims, certainly in this country, you can take someone to small claims, win the case in their absence, and still not get anything back - the only person that has been inconvenienced is you.

This is the only time I think ^dodgy^ debt collectors have a use.
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Old 11-12-11, 11:28 AM   #33
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Current interest rate for a basic Chase savings account: 0.01%.
well then put it in a nonbasic or something like a bond. sure theyre not as liquid as saving accounts but they pay better %. like I Savings Bond or EE Savings Bond(preferably paper as for 25=50 while electronic is 25-25) both pay over 3% a year and are as safe as can be. but if you do decide to get the ee bonds and go paper hurry because on jan 1 2012 theyre not selling them in financial institutes anymore. down side to either is have to hold them for a min of a year and if cashed out before 5 years you lose 3 months interest as a penalty. but considering the the rate of .36% interest monthly versus .01% or even .1 monthly in a normal savings account id say makes it worth it. or possibly a treasury note

http://www.treasurydirect.gov/indiv/...nds_glance.htm http://www.treasurydirect.gov/indiv/...nds_glance.htm http://www.treasurydirect.gov/indiv/...tes_glance.htm

edit: sorry for going ot
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Old 11-12-11, 12:10 PM   #34
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Even if the POS doesn't have anything now. It doesn't hurt to get a judgement against him. Maybe they have some relatives that have been productive and he gets money from a will. How often do you see someone on public assistance playing the lottery? Just because they don't have moeny right now doesn't mean that they eventually will not come into money. I got hit by an uninsured and they wrecked for 2nd time while trying to drive away. abandoned the car and took off on foot. amazingly the car was reported "stolen" within the hour. LEO's didn't bother pressing any charges.
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Old 11-14-11, 12:49 AM   #35
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why not have that money in the bank or something earning %?
You know how I know you didn't read my post??? How about my line of "That's $3000 that is sitting there earning more INTEREST..." It's not a literal coffee-can.
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Old 11-14-11, 01:21 AM   #36
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Ahh my bad. i thought you were referring to putting more money in it monthly from not paying for insurance since you said to put money into it every month.
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Old 11-16-11, 08:48 AM   #37
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I've been thinking about your first sentence. I saved up, bought my SUV with cash. Could I afford to easily replace it if I were in an accident? No. That's where insurance comes in. I guess inwas just thinking the same way about our bicycles.

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Nope, no insurance on the bikes. I don't buy bikes I can't afford to easily replace. ;-)

As other people have said - you might try small claims court. The problem is that even if you win, you may have no feasible means to get him to pay, anyhow. At least when I won a small claims case in NY around 20 years ago, unless I knew the other guy's bank account numbers or employer, there was no way to get his wages garnished or get him to pay out.

What's the excuse the driver is giving for not paying for the damages?
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Old 11-16-11, 05:31 PM   #38
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Which is all very well, but this guy DIDN'T have insurance, he could go to small claims, lose and still not pay up. That is the issue here.

I know, that's not really my point. The OP said the guy who caused the accident told her "no one should have that expensive of a bike.....etc" That's why I brought up my point about the girl who hit me saying I shouldn't have paid for the repair bill. lol


What happens if you file small claims and he doesn't show? Wouldn't the judgement be in your favor? What if he DID show and you still won?

Even if he didn't have the money now then wouldn't there be a mark on his record saying he owed a settlement?
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Old 11-17-11, 10:28 PM   #39
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If someone does not show up in small claims court, the magistrate/judge will usually rule in favor of the person who DOES show up. If a settlement is awarded, the court will notify the party of the settlement due. If no payment is received, the party due the settlement can file with the court for garnishment of wages - at this point the court will usually ADD all court cost & filing fees to the amount due.

My homeowners covers our bikes - I think the extra rider came to @$25/yr for $10,000 worth of bikes.
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Old 11-18-11, 12:38 PM   #40
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How the hell did this thread ,about insurance on a bicycles, get so off topic?
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Steel: nearly a thousand years of metallurgical development
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Old 11-25-11, 10:00 AM   #41
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If the driver is at fault, then yes, he IS required by law to cover the cost of getting the bike replaced.

Go to the police station and get a copy of the Accident Report. There should be one on file, since the police were in attendance. You'll need it as from what I've read, you'll have to go to court and will need the report as evidence.
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Old 11-25-11, 12:48 PM   #42
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If the driver is at fault, then yes, he IS required by law to cover the cost of getting the bike replaced.

Go to the police station and get a copy of the Accident Report. There should be one on file, since the police were in attendance. You'll need it as from what I've read, you'll have to go to court and will need the report as evidence.
This is all well and good. HOWEVER, it still leaves you to collect from the driver even if you get a court judgement against the driver.

If you have insurance on the bike then it's up to your insurance company to force the driver's insurance company to pay.

Which is better?

You against the driver or your insurance company against the driver?
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Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?
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Old 11-26-11, 11:17 PM   #43
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I want to get some insurance in case I hurt someone when riding. I heard about cover on the home policy, rang them and they said words to the effect "oh yes that is covered for an extra few dollars". So I read the policy carefully and discovered it was not covered. Still no insurance. Still want insurance. Still not going to believe what I'm told by an insurance sales-rep.
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