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In my state, generally, your insurance company is responsible for declaring your vehicle a total loss (also called a salvaged car or motorcycle).
Here, a total loss vehicle is one with damage:
1) To its supporting structure, external frame, and/or suspension system. AND
2) That would cost more to repair than the car is worth (i.e. its fair market value) at the time of the accident.
Depending on your specific situation (such as the extent of your vehicles damage), there may be different routes you can take in dealing with your salvaged vehicle. A few of the most common options include:
Assigning ownership to yourinsurance company.
Generally, this happens when you accept thefull settlement of a total loss claim.
Your insurance company will explain all required steps, including lien satisfaction, if applicable.
Retaining ownership of the vehicle.
Sometimes, this means you accept a partial payment from your insurance provider as part of a total loss claim.
You cannot repair the vehicle yourself; an RDS must repair it.
Matching numbers are great but yet could be bad with a salvaged vehicle if damaged in the accident was sustained to the supporting structure, external frame, and/or suspension system and its structural integrity was compromised ....hopefully in your case,, damage was to the suspension system. ...which is why I never consider vehicles with salvage titles in my state....but as mentioned, salvage title could be different in your state.
Most states you can repair the vehicle yourself......but need a copy of insurance estimate and damage for a MVD inspection with receipts for parts ( not stolen swap meet crap) Older stuff is super easy as insurance companys DO NOT want supplementals. If you havent done salvage vehicles probably shouldnt comment on them.
most of what you posted is BS.
GOOD example is a 4-6 year old bike with simple crash bar tab damage come thru the auction all the time. The MOCO will not repair even a simple ding in frame. Insurance doesnt want to pay for frame swap....Harley salvage is pretty high. So everybody wins. Dealers sells new bike. Insurance company gets out of it with a fair return.....guys like me get new stuff 50%
off and run the crap out of it for 75,000 miles and sell it as rebuilt no problem.
If you have the skill salvage is a good option.
Shovelheads are getting rare but there still a lot of them around. Look at NADA value for that bike in its original condition. With a salvage title and chopped the scoot is far from being worth 10K. I have a extremely clean 1983 FXWG in 97% original condition the NADA value in excellent condition "meaning bought new and hardly ever rode" is $18,750. In very good condition it is valued at $11,025. Its a different animal trying to sell older bikes it's a matter of finding the right person who wants that bike.
Nice wide glide you have but NADA pricing is bull**it in the real world. You simply will not get 11 and change for your bike. Not being disrespectful in anyway, just proof of life.
Most states you can repair the vehicle yourself......but need a copy of insurance estimate and damage for a MVD inspection with receipts for parts ( not stolen swap meet crap) Older stuff is super easy as insurance company’s DO NOT want supplementals. If you haven’t done salvage vehicles probably shouldn’t comment on them.
most of what you posted is BS.
GOOD example is a 4-6 year old bike with simple crash bar tab damage come thru the auction all the time. The MOCO will not repair even a simple ding in frame. Insurance doesn’t want to pay for frame swap....Harley salvage is pretty high. So everybody wins. Dealers sells new bike. Insurance company gets out of it with a fair return.....guys like me get new stuff 50%
off and run the crap out of it for 75,000 miles and sell it as rebuilt no problem.
If you have the skill salvage is a good option.
Info came from the state DMV...however it is obviously different in your state.
SHE LIVES. Got the carb all put back together, tank cleaned, starter solenoid rebuilt, coughed on the first try, hit the enrichener one more time and she fired up. Let it warm up a bit, adjusted the carb a bit and she idles at 1,000rpm real nice. Soon as it stops raining, gonna take it for a short road test. Wooo Hoooo
Nice wide glide you have but NADA pricing is bull**it in the real world. You simply will not get 11 and change for your bike. Not being disrespectful in anyway, just proof of life.
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