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buy bikes being totalled by insurance company:

Question by Bruce Lee JR: I have a police report . Whom do I contact to pay for the damages~?
well an incident with my wife which happened here

http://answers.yahoo.com/question/index;_ylt=AtC1yn1fpS_QEEWGjVfDdHnsy6IX;_ylv=3?qid=20090917103034AAzcd3i

My wife got hit by a car yesterday and was sent to the hospital
I was wondering who I call to pay the damage for my wifes TOTALED bike which we had just bought the day before yesterday

Do I call the insurance company that her car is insured by~???

Best answer:

Answer by Michael M
Try it. the bike may fall under you homeowners policy…otherwise fuggitaboutit, and hopefully she comes thru okay.

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this is us destoring the zx6r before the insurance company took it
Video Rating: 1 / 5

buy bikes being totalled by insurance company:

Question by KiNG*: Would it be better to keep making payments on my totaled car, and use insurance money for a new one?
Here is the situation:

My car was stuck by a semi from the rear, and the truck driver’s company who has their own insurance company, has given me a check for the car, claiming it to be totaled.

This is where things get tricky, The company DOES NOT want my totaled car, stating the title will be delivered to the shop or person in possession of the vehicle, who happens to be me.

Now I have my car which has sever damage done in the rear driver side, and a check for the car in an amount to pay the entire loan off. The damage to the car can be fixed, and the car is drivable and also has a brand new engine.

Another twist to the story is that I am moving in a couple of months (mostly delayed by the fact that i have physical therapy to attend) And otherwise have cut off most of my ties to my current hometown, and in desperate need of a vehicle.

The vehicle i planned on purchasing next is priced at $ 5,400 but the dealer said he would give me a better deal if i decided to pay cash instead of financing. My car loan is currently $ 7,493, and the check i am receiving for the car is $ 7,700.

Now this car was my first major purchase, and besides a credit card, a cell phone, I have nothing else in my name, and did not qualify to finance the motorcycle with the price at $ 5,400 without a co-signer.

Now I am only 20 yrs old, and have had my car for 2 whole years this July. Would it be better for me to pay the loan off on the car, then try again to apply to be financed on the bike, or to take some of the payment for the car to buy the bike outright, use whats left towards the loan and continue making monthly payments of $ 230.

In my eyes either way I will have a car note, and I am moving to Hawaii (for school) So the car was never in my plans to begin with, and now I would have a payed for car that i was going to give to my dad (who owns the shop) to fix for my younger brother anyways. And I was going to ship my bike over because cost of bike + shipping is still cheaper than total cost of the bike in Hawaii.

And I don’t know much about it, but would I in any way qualify to refinance the car, say if I did make a lump payment of $ 2,000 or $ 3,000 bringing the loan down to $ 5 or $ 4,000 would that help lower payments any?

Thanks in Advance for any and all help!!

Best answer:

Answer by Roger M
Pay off the loan. If the company that holds the loan finds out it is totaled, they will demand the entire amount immediately.

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buy bikes being totalled by insurance company:

Question by PsycleChic: Rebuild my totaled bike or buy a new bike?
I was hit by a car and the insurance company totaled my bike. I was thinking about getting a new bike, but now a bike builder has offered to rebuild my wrecked bike for the price of parts only, no charge for labor. It’s the front-end of the bike that needs to be replaced, from the gas tank, forward. The motor and rear-end are ok. Any advice?
The steering head is damaged, and the builder does have a another frame.
Thanks for the input guys. I am leaning towards getting a new bike. The bike builder and his wife are my best friends, and I know they want to help me out, but I don’t know that I will be able to trust a rebuild.

Best answer:

Answer by Dave Dick
Be very careful.
Is the frame bent or has it been subjected to excess stress which could cause a failure around the headstock?
If your builder has the equipment to check that, then you could go ahead. Personally, I wouldn’t. I just would not trust the bike. Having said that, plenty of people have done it and are happy.

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