I hit a deer on the way to work about 5 weeks ago and totaled my 2013 FJR. Damn suicidal animals....anyway, I was hoping someone might be able to give me a good idea of what the approximate retail value of a 2013 would be? Has 56K miles, new brakes and tires. I don't want to get a lowball number from my insurance(repair estimate I heard was 15K-yikes!). I was quoted $5047. That seems a might low to me. I kind of thought it would somewhere between 6 and 7K. I haven't given my carrier an answer yet. Thanks.
Retail value
- Thread starter rkusche
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RossKean
Well-known member
"Totaled" based upon a professional shop doing a complete restore with new OEM parts for everything even slightly scratched and $100+/hr labor or truly trashed? I would push for more based upon the Bluebook reference Ignacio linked - at least it is some justification. Depending on condition, $6500 doesn't seem out of line and I might try for a little more.
Alternative might be to take their payout and get them to sell you back the remains for you to fix yourself. Just depends upon your ability and the extent of the damages. (And how fussy you are.)
Alternative might be to take their payout and get them to sell you back the remains for you to fix yourself. Just depends upon your ability and the extent of the damages. (And how fussy you are.)
dravnx
Well-known member
The insurance company needs to make you whole. That means they should pay you to bring you to where you started minus whatever deductible you have. Their job is pay you as little as possible. Your job is to get them to pay you as much as possible. More then likely, they'll throw a low ball offer at you. You don't have to accept right away. Do your homework. Figure out what a comparable bike with like accessories will cost for you to buy, including tax, license and other fees. Don't forget to include any of your riding gear that might have gotten damaged. Look at KBB, Edmunds, Cycletrader and other local sites like Craigslist. You'll get a feel for what your bike is worth. You may have to show the insurance company 2-3 comparables. Your gear will be replaced at new retail so get that documented too.
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I hope you came out unscathed. Was the deer salvageable?
Bugnatr
Well-known member
+1 find the highest value you can for that cream puff 13.
I surmise you survived the strike ok, that makes you a rich guy right there.
Abercrombie FJR
Well-known member
I hate to do your homework for you but I was curious. I found NADA value at $7015.00 and KBB value at $7655.00.
Like others have stated, check your policy for accessory coverage. I hit a deer 5 years ago with my first Tenere and was happy to know that Progressive includes $3000.00 accessory coverage. Progressive paid my full value for all my damaged accessories and gear after showing the agent my gear and receipts or proof of value. This was great until I added it all up and realized that my Klim gear, Shoei Helmet, Sidi boots, and all the adventure bike accessories added up to nearly $5000.00. I had to remove undamaged Accessories for use on the replacement Tenere like heated grips, Piaa Lighting, Top box & mount, GPS mount, FZ1 fuse box, windshield & wind deflectors to get down to the $3000.00 dollar coverage limit. When I insured the new Tenere, I bumped accessory coverage up to $5000.00 for $17.00 a year.
Like others have stated, check your policy for accessory coverage. I hit a deer 5 years ago with my first Tenere and was happy to know that Progressive includes $3000.00 accessory coverage. Progressive paid my full value for all my damaged accessories and gear after showing the agent my gear and receipts or proof of value. This was great until I added it all up and realized that my Klim gear, Shoei Helmet, Sidi boots, and all the adventure bike accessories added up to nearly $5000.00. I had to remove undamaged Accessories for use on the replacement Tenere like heated grips, Piaa Lighting, Top box & mount, GPS mount, FZ1 fuse box, windshield & wind deflectors to get down to the $3000.00 dollar coverage limit. When I insured the new Tenere, I bumped accessory coverage up to $5000.00 for $17.00 a year.
hppants
Well-known member
(usual disclaimer first)
I've been in risk mgmt. for well over 20 years. That doesn't make me an expert, but suffice it to say that I've been involved in hundreds of insurance claims (if not thousands).
Your insurance's objective is not technically to pay you the least amount possible. Their DUTY is to pay you based on what your policy says. So I'd start with reading your policy - not the declarations page, the ACTUAL policy. Doing so tells your claims adjuster that you are going to hold him/her accountable.
You will probably learn that your policy says it will pay to repair your vehicle (bike) to pre-incident condition up to the Actual Cash Value (ACV) of the vehicle. You will probably also learn that your policy says if the cost of repairs (meets or) exceeds a certain amount (usually 75% of the ACV), then the vehicle will be totaled and you will be paid ACV, less deductible and salvage value if you choose to keep the bike. Your underwriter has a right to salvage what is left of the bike and retain whatever they can get for it. If you choose to keep the bike, your insurance proceeds will be reduced by whatever the going rate is for salvaging that bike. I'm explaining this because if you are so inclined and a little motivated, this may be an excellent way to recoup what it is REALLY going to cost you to replace the bike. You may give $200.00 for the salvage value, but thanks to the marvels of Ebay and the like, you could sell parts that total 10 times (or even more) that amount. Consider that.
How does your underwriter determine ACV? It depends on what the policy says, but in all likelihood, they have discretion in their favor. You cannot always go with KBB or NADA to determine ACV - especially with motorcycles, in which their value varies greatly by geography and even season. Your adjuster will likely look at similar bikes for sale in the area where you live - dealers, craigslist, cycle trader, etc. He/she will hope to get at least two "comparables" and from there, run the analysis to include adjustments (plus or minus - goes both ways) for things like mileage, condition, etc. In that light, be sure to bring up things that your adjuster might not realize. For example, if you just installed $500.00 worth of tires on the bike, make sure that is known.
You may have "accessory" coverage on your policy, which pays (up to a limit) for your riding gear and installed accessories for the bike. In general, these are valued at 50% of their original cost (usually what YOU paid for it, not "msrp"). Having been through this, if the accessory is still in good working order, and can be installed on the bike I am replacing it with, I prefer to retain it for myself - just tell the adjuster that you will be removing "x" and "y" and retaining it. There might be some strings attached to this, but there is enough wiggle in the policy to deal with it.
If you have towing coverage for the bike, and you didn't pay someone to move it from the accident scene (i.e. you handled that yourself), ask the adjuster if he/she would allow some reimbursement to you for this expense. Again, depends on the policy, but it couldn't hurt to ask. Might get you another couple hundred bucks.
Hope this helps.
I've been in risk mgmt. for well over 20 years. That doesn't make me an expert, but suffice it to say that I've been involved in hundreds of insurance claims (if not thousands).
Your insurance's objective is not technically to pay you the least amount possible. Their DUTY is to pay you based on what your policy says. So I'd start with reading your policy - not the declarations page, the ACTUAL policy. Doing so tells your claims adjuster that you are going to hold him/her accountable.
You will probably learn that your policy says it will pay to repair your vehicle (bike) to pre-incident condition up to the Actual Cash Value (ACV) of the vehicle. You will probably also learn that your policy says if the cost of repairs (meets or) exceeds a certain amount (usually 75% of the ACV), then the vehicle will be totaled and you will be paid ACV, less deductible and salvage value if you choose to keep the bike. Your underwriter has a right to salvage what is left of the bike and retain whatever they can get for it. If you choose to keep the bike, your insurance proceeds will be reduced by whatever the going rate is for salvaging that bike. I'm explaining this because if you are so inclined and a little motivated, this may be an excellent way to recoup what it is REALLY going to cost you to replace the bike. You may give $200.00 for the salvage value, but thanks to the marvels of Ebay and the like, you could sell parts that total 10 times (or even more) that amount. Consider that.
How does your underwriter determine ACV? It depends on what the policy says, but in all likelihood, they have discretion in their favor. You cannot always go with KBB or NADA to determine ACV - especially with motorcycles, in which their value varies greatly by geography and even season. Your adjuster will likely look at similar bikes for sale in the area where you live - dealers, craigslist, cycle trader, etc. He/she will hope to get at least two "comparables" and from there, run the analysis to include adjustments (plus or minus - goes both ways) for things like mileage, condition, etc. In that light, be sure to bring up things that your adjuster might not realize. For example, if you just installed $500.00 worth of tires on the bike, make sure that is known.
You may have "accessory" coverage on your policy, which pays (up to a limit) for your riding gear and installed accessories for the bike. In general, these are valued at 50% of their original cost (usually what YOU paid for it, not "msrp"). Having been through this, if the accessory is still in good working order, and can be installed on the bike I am replacing it with, I prefer to retain it for myself - just tell the adjuster that you will be removing "x" and "y" and retaining it. There might be some strings attached to this, but there is enough wiggle in the policy to deal with it.
If you have towing coverage for the bike, and you didn't pay someone to move it from the accident scene (i.e. you handled that yourself), ask the adjuster if he/she would allow some reimbursement to you for this expense. Again, depends on the policy, but it couldn't hurt to ask. Might get you another couple hundred bucks.
Hope this helps.
Thanks to all for the replies. I am unscathed other than minor road rash and neck and shoulder soreness plus right leg and ankle had some internal bleeding and swelling which has reduced to near zero. PT is helping with the neck and shoulder rehab. As to the insurance, I did mention and have the receipt for new tires and brakes in late September and I have the National Cycle Vstream installed as well. I asked about my gear but was told no go on that. The local office is quite helpful, this is coming from the head office. Illinois law doesn't allow me to have the bike back if it is deemed a total(so called chop shop law). Ignacio's link worked. Unfortunately, searching KBB in the past has sometimes been a useless endeavor. I'm going back and ask them what this was based on. Numbers shown above in 6-7K range are what I expected. BTW, the deer was laying in the ditch looking dead. Wife picked me up about an hour later(declined/didn't need an ambulance) and she said she didn't see any deer. I checked the area next afternoon and found no deer but did found some parts. I didn't get a good look but all of the bodywork was damaged, right and left and I would surmise that the engine cases were probably damaged in some way shape or form as I noticed a large puddle of oil on the shoulder, likely the oil filter torn off would be my guess. The side cases would almost certainly be damaged as well. Did notice broken parts of the headlight assembly and mirror pieces too. In retrospect, not the recommended way to get a deer for the season........sigh.
SacramentoMike
Not Safe For Work
Sounds like somebody got a deer for the season the easy way.
dravnx
Well-known member
I would push back on the insurance about covering your gear. I haven't had to do it but quite of few of my riding acquaintances have had gear replaced by their insurance companies due to a covered accident.
Bill Lumberg
Merica
Good deal. My helmet is covered up to $500 (around half replacement value). Apparel to $500 (half my stich). Accessories to $2,000. Always good to know where you stand ahead of time.
hppants
Well-known member
By all accounts, that is a fair settlement for the bike. I don't think it's worth more than that anywhere in the country, at any time of the year.
Good on ya!
Good on ya!
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