Keep your fingers crossed for me guys as the insurance company may be coming to take my bike. I crashed, and it was deemed totaled. It's all mostly cosmetic damage, but that's just how things go I guess. I want to keep it and just do some redesigning, but the insurance rep says it's super unlikely, but she'll try her best and call me tomorrow.
may or may not have my 6r after this weekend
Bert-Aus
Well-Known Member
Sometimes you can elect to purchase the bike from the insurance company as a wreck with your payout.
In such instances however, the title is removed and vehicle is deemed unregistered/ un-roadworthy and you have to get the bike re-scrutineered by the Vehicle Governing Body.
*This is from an Australian perspective, not sure how things work in Seppo land
But good luck which ever way it sways!
In such instances however, the title is removed and vehicle is deemed unregistered/ un-roadworthy and you have to get the bike re-scrutineered by the Vehicle Governing Body.
*This is from an Australian perspective, not sure how things work in Seppo land
But good luck which ever way it sways!
Had to look that one up. Pretty derogatory with or without the smiley. I don't know any derogatory terms for Aussies.
Sure about that? I got a project bike once and title was supposed to be good. I didn't notice it was salvage. Trying to get it to pass inpsection and get it registered was so rough I ended up selling at a huge loss. They told me I couldn't register, insure, or put tags on it with a salvage title.
A salvage inspection is even harder than a standard state inspection and SUPER hard to schedule. Of course, this is Maryland, one of the toughest states to get anything inspected in.
Bert-Aus
Well-Known Member
My understanding of is similar to what is described here Seppo - Seppo - Surf Slang.
Dont mean to offend, more rib
Sent from my LT18i using Tapatalk 2
Rhyming slang as it's known.
If you want to insult an Ozzie call them a Kiwi (New Zealander)
yes it does vary by state, current one I'm in is a lot easier than some, no major paperwork long as everything matches up, they check in their systems etc... in NY you have to show proof in receipts for all repairs that were done.You might be right on the state by state differences. .... aaaaand not so sure anymore
not 100% sure, but I believe most insurance companies will not allow full coverage of a salvage vehicle, and if they do, the coverage won't be as much as a clean title vehicle.
so when you hear something on salvage bikes/cars on the net, check w/your local state DMV to see what their regs are.
that said, if you have the option to buy it back and are interested in fixing it up, go for it if the financials work out
In California, it's a real pain, if not impossible to return a vehicle to the road after being salvaged.
Found this out the hard way when my daughters car was "totaled" in a rear end accident. It was a 20 year old Honda Civic I bought for $800 at an auction. Spent some cash fixing it up and put a paint job on it so had about $2K into it, about what KBB said it was worth. Great car, great mileage.
About a year later she was rear ended. The trunk was munched but everything else was okay. I bought it back from the insurance co then went into DMV hell trying to get all the inspections and jump through their hoops. that was even before I tried spending any money on the bodywork. Gave up, I couldn't take the bureaucracy anymore so drove it over to pick a part and dropped it off. Luckily they gave me what I spent to get the car from the insurance company.
Found this out the hard way when my daughters car was "totaled" in a rear end accident. It was a 20 year old Honda Civic I bought for $800 at an auction. Spent some cash fixing it up and put a paint job on it so had about $2K into it, about what KBB said it was worth. Great car, great mileage.
About a year later she was rear ended. The trunk was munched but everything else was okay. I bought it back from the insurance co then went into DMV hell trying to get all the inspections and jump through their hoops. that was even before I tried spending any money on the bodywork. Gave up, I couldn't take the bureaucracy anymore so drove it over to pick a part and dropped it off. Luckily they gave me what I spent to get the car from the insurance company.
nice, glad it worked out for you!