Advertise on Bikeforums.net



User Tag List

Page 2 of 2 FirstFirst 12
Results 26 to 43 of 43
  1. #26
    Senior Member LongIslandCamper's Avatar
    Join Date
    Sep 2011
    Location
    Port Jefferson Station, NY
    My Bikes
    Raleigh Cadent FT2 - GT Avalanche 2.0 - Walmart POC - Motobecane Elite Fat Bike
    Posts
    121
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote 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

  2. #27
    Senior Member CaptCarrot's Avatar
    Join Date
    Feb 2009
    Location
    Dorset, SW England, United Kingdom
    My Bikes
    Heavily modded Cannondale Hooligan 1 (2009) and an upgraded Raleigh Max Zero-G
    Posts
    425
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.
    Not as green as I might be cabbage looking!

  3. #28
    Senior Member DGozinya's Avatar
    Join Date
    Nov 2010
    Location
    Chicago, IL
    Posts
    373
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by CaptCarrot View Post
    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

  4. #29
    Senior Member
    Join Date
    Sep 2011
    Posts
    164
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by DGozinya View Post
    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 %?

  5. #30
    rebmeM roineS JanMM's Avatar
    Join Date
    Jan 2006
    Location
    Indiana
    My Bikes
    RANS V3, RANS V-Rex, RANS Screamer
    Posts
    11,594
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by pg13 View Post
    why not have that money in the bank or something earning %?
    Current interest rate for a basic Chase savings account: 0.01%.
    RANS V3 (steel), RANS V-Rex, RANS Screamer

  6. #31
    Senior Member
    Join Date
    May 2011
    Location
    Florida
    My Bikes
    Trek 7.3 FX
    Posts
    133
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.
    Trek 7.3 FX

  7. #32
    Senior Member CaptCarrot's Avatar
    Join Date
    Feb 2009
    Location
    Dorset, SW England, United Kingdom
    My Bikes
    Heavily modded Cannondale Hooligan 1 (2009) and an upgraded Raleigh Max Zero-G
    Posts
    425
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.
    Not as green as I might be cabbage looking!

  8. #33
    Senior Member
    Join Date
    Sep 2011
    Posts
    164
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by JanMM View Post
    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

  9. #34
    Senior Member
    Join Date
    Dec 2008
    Location
    Colorado Springs, CO
    My Bikes
    12 Salsa Vaya 2/10 Specialized Rockhopper SL/08 Specialized Roubaix Elite/
    Posts
    96
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  10. #35
    Senior Member DGozinya's Avatar
    Join Date
    Nov 2010
    Location
    Chicago, IL
    Posts
    373
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by pg13 View Post
    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.

  11. #36
    Senior Member
    Join Date
    Sep 2011
    Posts
    164
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  12. #37
    Senior Member Denelle's Avatar
    Join Date
    Jun 2011
    Posts
    74
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

    Quote Originally Posted by mulveyr View Post
    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?

  13. #38
    Senior Member LongIslandCamper's Avatar
    Join Date
    Sep 2011
    Location
    Port Jefferson Station, NY
    My Bikes
    Raleigh Cadent FT2 - GT Avalanche 2.0 - Walmart POC - Motobecane Elite Fat Bike
    Posts
    121
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by CaptCarrot View Post
    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?

  14. #39
    Caustic Soccer Mom apclassic9's Avatar
    Join Date
    Jun 2005
    Location
    Millstone WV
    Posts
    1,759
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    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.
    As with mud, life, too, slides by.

  15. #40
    Humvee of bikes =Worksman Nightshade's Avatar
    Join Date
    May 2004
    Posts
    5,278
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    How the hell did this thread ,about insurance on a bicycles, get so off topic?
    My preferred bicycle brand is.......WORKSMAN CYCLES
    I dislike clipless pedals on any city bike since I feel they are unsafe.

    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?

  16. #41
    Resident smartass. Fargo Wolf's Avatar
    Join Date
    Nov 2011
    Location
    Kamloops, BC, Canada
    Posts
    275
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  17. #42
    Humvee of bikes =Worksman Nightshade's Avatar
    Join Date
    May 2004
    Posts
    5,278
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Fargo Wolf View Post
    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?
    My preferred bicycle brand is.......WORKSMAN CYCLES
    I dislike clipless pedals on any city bike since I feel they are unsafe.

    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?

  18. #43
    Senior Member 009jim's Avatar
    Join Date
    Feb 2008
    Location
    Australia
    My Bikes
    Giant CRX3, Trek 7100
    Posts
    1,288
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •