everyone knows that with the damage the bike would bea total loss. i mean looking at it and adding every scratch. the other insurance has offered me $2,3XX to keep the bike and fix it or $3,8XX to total it and take it. i personally thought i was getting much more. but after taking the bike up the the bike local shop here in town and talking to the mechanic who's first bike was a 900rr he said i could keep it and fix it and still have money extra. i still havent talked to them about my brand new riding gear that was damaged but that is prices for the bike. not incudling medical or anything else. i have done more research and with some patience the mechanic is right.

what do you guys think about the prices and such?
if i keep the bike i wont get a salvaged title, right?
do i have to pay tax on that money?

 

The Salvage title is a tossup. They may ask for the title since technically, even though you're keeping it, it's their bike for a short time and you're buying it back. If they take the title, they may either just stamp it salvageand hand it back or they may run it to get it branded by your state. Most likely, they wont even ask for it though. I would bitch a little and see if you could get a little more. Most of the time you can get more than their first offer as long as you don't get greedy and try to get way more than the bike is worth. I would think you could get at least $3500 plus the bike, maybe even 4 grand. Just tell them you did somelooking and found that you CANNOT replace it for the $3800. Remember, they don't want you to sue them so, if giving you another grand will prevent you from even thinking about it, they will consider it money well spent especially since they know full well that they're lowballing you. Just don't threaten to sue,that will likely onlymake the guy defensive. Just treat it like you're buying a bike from him. Be as polite as possible and say that you just want to get enough to be back where you were before the accident. If you make him like you and feel a little sorry for you that could go a long way.

You don't have to pay tax on it. It's not income. You're being paid back for money that you are out. You paid tax on the money you bought the bike with. This is just a replacement for that money.