Total Loss buy back from Ins. Co.

[jbctown]

Does anyone have any experience good, bad or other with buying back a

Total loss from the Ins. Co.? Do they even allow this? Side note I have

State Farm.

[jbot]

if your bike is totaled, just ask them what the buy back price is and if you decide it's worth the price, they'll take that amount off your settlement check.

usually, the higher the repair estimate, the lower the buy back price. so, even though the dealership/shop might want to stop racking up the estimate after a certain amount (because it's clearly a totaled bike) just tell them to keep going if you intend on buying it back.

[Radio Flyer]

I bought my car back. Normally they'll just take it out of your reimbursment check. Depends on if anything is part wise is salvagable to say if it's worth it or not.

[r6allstar]

Bought my jeep back about 5 years ago.. Worked out great if you can do the mechanical work to fix it. I received 5k + vehicle for a 1993 Wrangler. Fixed it with about $1,000 in parts and resold it two or three years later for $3,000. Great experience

[Uncle Punk]

I have bought back a bike from State Farm that I totaled and had no issues.

Did they total your bike from the get off you had riding with us? That would be a perfect bike to buy back. Where was all the hidden damage? I thought it rode fine after the offroad trip.

[jbctown]

  Uncle Punk said:

Did they total your bike from the get off you had riding with us? That would be a perfect bike to buy back. Where was all the hidden damage? I thought it rode fine after the offroad trip.

Yes that was the one. I took it to Roush for an estimate they came up with a $9,930 estimate. They had both the frame and swingarm on the estimate because of the light scratches. I figure I would have about $600 in parts plus paint/material and my labor. Oh and yes I rode it back 140 miles that day and have put about another 600+ miles on with no problems, would be more but I broke 4 ribs that day.

[Radio Flyer]

If you don't have a bent frame I'd definitely buy it back and profit.

[jbctown]

  Radio Flyer said:

If you don't have a bent frame I'd definitely buy it back and profit.

Frame, swingarm and forks are all straight.

[Radio Flyer]

What will end up happening is they will give you what the market value of the bike is in it's condition before the wreck. If you decide to buy it back they'll give you a buy back price which they will cut from your reimbursment check. Sounds like you should have a few grand coming back into your pocket.

[InyaAzz]

Wait a minute...is this the black Gixxer?

[Disclaimer]

Yep. Blacked out.

[InyaAzz]

Noooo way that thing got totaled out! Buy it back!!!

And..wait a minute...you broke 4 ribs??? Wow...I feel bad about dumping that oil behind me in that corner.

[vw151]

If the bike is still rideable. you might be able to get them to leave the title clean and pay out 3/4 of the value of the bike. Which is usually about the same as getting paid the full value of the bike and then buying it back except you get to keep a clean title.

I had a wreck awhile back where the damage was mostly cosmetic and the cost to fix it was actually way less than an actual insurance quote due to the really high cost of parts from the dealer. I kept a clean title and was able to be payed 3/4 of the value of the bike. Then I just replaced everything that was damaged with better than OEM aftermarket parts

At the time I was with Geico and anything under 3/4 of the value of the bike paid back was not a total. Me and the agent talked it over and he thought it was reasonable. Otherwise he would have totaled it.

[Radio Flyer]

^^^ This is the best option, that way you don't have to schedule an appointment with the OSHP and have it looked over and deal with getting the title to read rebuilt salvage.

[Uncle Punk]

You broke four ribs? WTF, then you rode home 140 miles and didn't tell any of us you were hurt that badly. You have put on another 600 miles with the broken ribs? What's wrong with you boy?

If you don't want that bike let me know I will take it, cover your deductable and put some money in your pocket.

[InyaAzz]

^This

Except the part where Tod keeps the bike.

[Bad324]

keep it and fix it. If its anything like you told me then you should be able to bring her back to new

[InyaAzz]

  Bad324 said:

keep it and fix it. If its anything like you told me then you should be able to bring her back to new

The bike wasn't bad at all..not at all. If it were my bike, I'd keep it.

[Disclaimer]

Wwjd?

[Bad324]

  InyaAzz said:

The bike wasn't bad at all..not at all. If it were my bike, I'd keep it.

yea from everything he told me last week it just didn't sound like it couldn't be fixed and ridden like nothing happened

[InyaAzz]

Bless some wine, smoke a bowl and ghost ride it.

[jbctown]

  Uncle Punk said:

You broke four ribs? WTF, then you rode home 140 miles and didn't tell any of us you were hurt that badly. You have put on another 600 miles with the broken ribs? What's wrong with you boy?

I didnt think it was that bad. I waited until Tues. to go to hospital.

Plus im not right in the head.

  InyaAzz said:

The bike wasn't bad at all..not at all. If it were my bike, I'd keep it.

Not bad at all. Like I said about $600 in parts plus my labor.

  Bad324 said:

yea from everything he told me last week it just didn't sound like it couldn't be fixed and ridden like nothing happened

Ill try to add some pics.

[jbctown]

This is the worst of the damage.

[jbot]

looks like the perfect track whore project to me! (I can't see any pics, so maybe it SOUNDS like a track whore project)

[ReconRat]

Sounds like something I'd do.

Ride home with broken ribs.

You really should have known what was up though.

X-rays the next day would have been good.