Agree with what the others have said on the credit hire agreement ALTHOUGH there are some CH companies that “insure” the costs of the hire bike so that you don’t end up liable. You should check into that.
Regarding your earlier question about my sources - I had two accidents like this last year. In both cases the costs of the hire bike, clothing etc did not go toward the possibility of writing the bike off. The formula for that was “is the repair less than 65% of the value of the bike - if yes repair, if no write off”. Both times I took the Credit Hire bike (at STUPID cost of £120 per day for a Bandit 1250) but both times the other party was at fault and their insurers paid for everything.
well that’s my estimate if you put in 30 days at £100per day of hire bike. I’m returning that thing as we type. the overall cost of repair (paint/mounting shouldn’t be over £2000…
anyway I already called Gemini and told them i don’t want the bike anymore. it’s a bandit 1200… i told them to just pay 1 month oyster and they are fine with that. i don’t want liability in case the bike gets stolen or damaged. I just want my bike back the way it was before that bch decided to fk with me!
yes it comes with a comprehensive insurance with a £600 excess… hence also why I don’t want anything to do with it.
cheers
The insurance I was talking about was insuring you against the possibility of the other side not paying for the hire bike.
Good stuff to read at the link below explaining how Credit Hire works and when you can/should/shouldn’t use it.
http://www.rcsolicitors.co.uk/RTA-claims/motorcycles/hire-vehicles-2.htm
I did not read all responses as tbh didn’t want to.
but
they will not always write the bike off, my bike was worth probably about £1k once, they assessed the bike and paid out the £800 repair costs. as the bike was sound and only cosmetic damage they did not want to write the bike off.
