Hi l recently wrote my 2 week old motorbike off, l had it from brand new 08 plate it was insured for £1400 my insurance company are offering me a thousand minus 250 exces, does this sound about right or are they trying to rip me off? Thanks

While it is always worth trying to haggle, l am afraid they are well within their rights.

Your contract will tell you about the excess which you agreed to when you signed the contract, although the bike is insured for it is purchase price, it is actual value starts falling from the day you bought it, this is what insurance companies pay out unless you get a policy of new for new.

Many motor policies have a clause that states that if the bike is less than a year old they will pay the full price of a brand new bike. Check it out.

xxVP