It's been my experience that even a horribly injured motorcyclist has a spot in their heart for their motorcycle and want to get it working again. Unlike automobile damage cases which are frequently settled quickly, insurance companies have a difficult time making quick settlements on motorcycles. Why? Because they don't' understand motorcycles or their value. This can leave you explaining costs to settle your claim. Typically waits of six weeks to three months or even longer are not uncommon.
What other costs are eligible for compensation?
In addition to repair and/or replacement costs, you are entitled to be compensated for the time your bike is out of service. Or if your bike is totaled your insurance company will write a check to replace your bike.
This process can be shortened substantially if the proper damage claim is presented to the insurance company in the proper way. For example, if your bike is totaled your insurance company will rely on a service to determine the value of your bike. This will NOT take into account custom work, aftermarket parts, or the fact that your bike is in excellent condition.
Since your insurance company doesn't really understand your motorcycle's worth, it is often necessary convince them of its true value by…
- Getting letters from knowledgeable people in the motorcycle community;
- Getting help from your motorcycle dealer;
- And even getting evidence from other sources.
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