Motorcycle fire claim

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Bobdeb
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Joined: Mon Sep 23, 2019 8:41 am

Motorcycle fire claim

Post by Bobdeb » Mon Sep 23, 2019 8:54 am

When I first called the Geico claims person said wow that’s unusual
Adjuster came took photos said it was probably a total loss but we discussed a buy back so I could fix it two days later she calls said it is a total loss or I could close the claim and pay for it myself
Or let it go through when I asked about the buyback she couldn’t give me a answer and said she would get back to me
Why would adjuster suggest closing my claim and paying for it myself
Is it because they plan on denying it in the long run

ediddy
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Posts: 6
Joined: Mon Apr 11, 2016 1:38 pm

Re: Motorcycle fire claim

Post by ediddy » Mon Sep 23, 2019 10:32 am

The claims rep probably doesn't know so she gave you a short answer. GEICO likes to delay paying a claim because they make money everyday it is delayed. At least that's what Warren Buffett said. He said an insurance company is the best cash cow you can own. You collect all those premiums and make money until the claim is paid. I have found that to be true with GEICO claims

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