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So my insurance is offering 6791 for the bike. The KBB and NADA on it is 7060. Think it's worth it to fight it.
So my insurance is offering 6791 for the bike. The KBB and NADA on it is 7060. Think it's worth it to fight it.
Good question because that could mean $7291 or $6291 if your deductible is $500Is that minus your deductable?
Am i missing somethin' here? Maybe $1000 deduc???Good question because that could mean $7291 or $6291 if your deductible is $500
He said the payout was $6,791. But he did not make mention of a deductible. Assuming that it is a $500 deductible then that could mean 1 of 2 things. Because typically in a total loss they send you a check for the vehicle minus the deductible.Am i missing somethin' here? Maybe $1000 deduc???
Wouldn't hurt to fight for that extra change
understood....that cleared things right up.He said the payout was $6,791. But he did not make mention of a deductible. Assuming that it is a $500 deductible then that could mean 1 of 2 things. Because typically in a total loss they send you a check for the vehicle minus the deductible.
So if the check is $6,791 then it is possible they took the deductible out already and the total amount they gave him was $7,291. But if they haven't taken the deductible out yet then that means he could possibly get a check for $6,291.
Some insurance companies like to go by "like value". They will do a comparison in your region for bikes that are similar in year, modifications, features, mileage, damage, etc... So for example they find 40 bikes and the median average is $6,500 that is what they will cut the check for.understood....that cleared things right up.
How many miles were on the bike by the way or ins don't typically dwell on mileage with bikes
^ He at least soundsSome insurance companies like to go by "like value". They will do a comparison in your region for bikes that are similar in year, modifications, features, mileage, damage, etc... So for example they find 40 bikes and the median average is $6,500 that is what they will cut the check for.
:lmao^ He at least soundsrolleyes
like he knows what he's talkin' about...so I'll listen to him.
opcorn:
Some insurance companies like to go by "like value". They will do a comparison in your region for bikes that are similar in year, modifications, features, mileage, damage, etc... So for example they find 40 bikes and the median average is $6,500 that is what they will cut the check for.