News from the Ins. Co. on my bike - Kawasaki Vulcan 750 Forum : Kawasaki VN750 Forums
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post #1 of 17 (permalink) Old 07-11-2007, 09:03 PM Thread Starter
 
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Unhappy News from the Ins. Co. on my bike

Well, folks, it's totalled.

They said the engine and drive train are still in good shape, but the fork was mangled and where the fork attaches to the frame, the frame cracked in several places, so the whole frame would have to be replaced. Between that, the fork, the tank and the dozens of other miscellaneous things that got damaged or torn off, it's a total loss.

So, my options are 1) to take the full amount of what the insurance company offers and they take the bike, or 2) to keep the bike and take the amount the insurance company offers minus the salvage value of the bike.

Obviously, if I go with option 2), it's going to be a HUGE project to bring this bike back to life.

If I go with option 1) I could still buy a used bike and fix it up, but would be throwing away an apparently perfectly good engine (maybe I could buy it from the salvage yard?).

I love this bike and have put a lot of time into it recently, so I hate to see it go, but maybe it's got too much damage? I don't know what to do. I won't know the numbers from the insurance company until tomorrow, so that will obviously affect the decision, but what do you guys think?
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post #2 of 17 (permalink) Old 07-11-2007, 11:05 PM
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It would depend on the price they want for the bike.
If it is over $400 I would not take it.
You can get a good used motor for about that.

Chad Falstad "Hawk"
Vroc #17649
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post #3 of 17 (permalink) Old 07-11-2007, 11:07 PM
 
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Thats a tough call, see what you get for option 1, if you're getting the shaft take the bike less salvage value and find another bike to put the drivetrain in or ante up a few more dollars out of your pocket and get another late model 750 if you want to stick with the 750.
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post #4 of 17 (permalink) Old 07-12-2007, 07:11 AM
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I dunno - a 55 mph spill and they say the engine's ok? There's a whole lot of little parts in there that probably were happy with the ride, but didn't enjoy the landing too much. I don't think that's a wager I'd be willing to make, especially since the additional cash (that is, whatever they'd post for salvage value) would go a long way towards a new(er) 750. I'd go see your baby one more time, say goodbye, take the cash, and start the search. You should be able to get a good deal on a late model 750, especially in the next month or so as folks are trying to unload what they couldn't in the spring (or bought bikes, tried the MSF course, decided riding wasn't for them...). Some of us in the area can keep an eye out on Craiglist, local papers for you, too - many eyes are better than one.

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post #5 of 17 (permalink) Old 07-12-2007, 08:55 AM
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I have a friend that just locked her engine up on an 03.
Let me know if there is any chance of getting the engine from the bike, and if you are willing to part with it.
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post #6 of 17 (permalink) Old 07-12-2007, 12:01 PM
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Cindy's right..
Chances are the shifter lever took a hit to and now has some play in it since a common thing that happens is the inner circlip gets popped out.
No biggy since the engine would be out of the frame.
My question is did they start the engine and try to shift it?

I'd probably opt for option 2 and take the money and the bike. A good working engine can sell for $600 especially if it has low miles. An older bike might be looking at a balancer replacement (seems like the 85-89s are starting to see some balancer grommet aging and wear)
Chances are you can part out the bike and make more money than what you paid for the salvage price.
Of course it all depends on how much ready cash you have for another bike and if you have the time and space to part out the salvage one.
One other thing to note
If the bike has been totalled then it now has a "salvage" title. Titles are done by the frame, not the engine.

Dianna
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2000 VN750 Sere (Serendipity)
1990 GL1500 (Ole Blue)
1986 VN750 EVie (project bike, heavy custom)
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post #7 of 17 (permalink) Old 07-13-2007, 07:22 PM Thread Starter
 
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First of all, thanks you guys for the great advice, as always. I was really deliberating about this and had myself convinced I was going to keep the bike and try to part it out myself. But, I got the numbers from the insurance co today.

They are offering me $5500 to just walk away from the bike. Considering I bought it for just over $6k, that seems pretty damn good to me. They estimate the salvage value at a little over $1400. That seems really high to me. Granted, it's got brand new Metzeler 880's on it and the engine looks pretty good, but I just can't see getting a lot more than $1400 by parting it out. (To answer Dianna's question, I don't know, but I don't think they started it and tried to shift). So, I'm giving up on the bike.

Relatedly, I went back to the doctors yesterday and I'm going to have to go through some physical therapy on my shoulder and knees. So, I probably won't replace the bike for a while. I'm thinking that when I do, I might get a VN750 that needs a lot of work and spend some time restoring it. If so, I'll probably be asking for a lot more advice :-)

Anyway, thanks again for all of your help. I'll probably still be lurking around the forum for the fun of it.
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post #8 of 17 (permalink) Old 07-14-2007, 10:01 PM
 
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I think you did the right thing, that's what I would have done.....You got almost what you paid for it. Just be thankful that all you have to do is physical therapy, it could be worse....With that money you could get a pretty nice mid-90's or newer VN750 and put a lot into it, make it your own.....just glad to know your ok.
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post #9 of 17 (permalink) Old 07-14-2007, 10:05 PM
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Actually with that money you can darn near replace with a 2006 vn750.
Come fall there will be more on the market as some decide to sell rather than store..
Glad to hear it worked out for you.

Dianna
Conway, AR
Patriot Guard Rider
2000 VN750 Sere (Serendipity)
1990 GL1500 (Ole Blue)
1986 VN750 EVie (project bike, heavy custom)
VROC # 11628 / 25000-H
ARVROC # 12 Coordinator and Crowd Control
OKVROC # 18 (H)
TNVROC # 45 (H)
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post #10 of 17 (permalink) Old 07-15-2007, 02:16 AM
 
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That's waht I would have probably done since it sounds like the only thing you could possibly have sold would have been the motor/transmisiion.

Also remember-- if you have any aftermarket assesories on the bike. i.e. saddle bags, saddlebag supports, volt meter, etc.-- ask the insurance adjuster if he included those in his estimate or if it was the bike only as from the factory. They uasually don't allow/consider these items and add them to the "totalled" value (unless you had an insurance rider for accessories or aftermarket). If there is anything aftermarket that is salvageable (to put on your new/replacement bike) ask him if you can remove it from the bike before they take possession if it is not included in their estimate.
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