Totaled by the Insurance

All too often riders take a hit on their investment when a Insurance Company totals their bike. After my wreck in March the Insurance Company reviewed the repair estimate, and then declared my bike to be totaled. They called to tell me their decision and the amount, to me this was unacceptable. I was given the option to get a new repair order that would fix the bike for less than 70% of appraised value so that the bike would not be totaled. That night I gave it some thought then started my list. I made a spread sheet of all the added accessories (EVERYTHING that’s not stock) including motor upgrades and factory equipped options (they were not included in the Ins. Appraisal) with their current prices. I e-mailed the spread sheet with pictures showing the accessories on the wrecked bike to the claims agent asking that reappraise my bike. I sent no receipts just pictures and my spread sheet showed $10,395. It took over two weeks with a lot of phone calls and e-mails but my bike was reappraised adding more than $5000. I received my full original repair estimate amount and my bike still has a clean title. It wasn’t easy but it was worth the effort.
There are some things to remember in this process #1 be nice, the agent is just doing their job. If they are an ass then you can request a different Claims Agent. Be professional, it is a lot easier to work with you if your stuff is organized and complete. Remember that you took off good stock parts so the full new accessory value will not be added. Many Insurances add a set accessory amount to the appraisal, find out how much is added and do the math. Some accessories have a standard adjusted amount for the appraisal (ie. Windshields, saddle bags pipes) use the actual price not this 20 cents on the dollar crap. Finally, stand your ground, be honest, try for the most, hope for the best.

The rebuild is complete pics are on the project form. http://bike-talk.com/forum/projects/11356-rebuild-done-time-ride.html

Great info that I hope no one ever needs......but we likely will. Thanks!

I'll have to tell this to a friend of mine that hit a car yesterday, I am sure they will total his bike.