Okay first off there's no real "insurance questions" area to post this, so why not general right? also posted on islandriders.ca if you've seen this there too...
so here's the situation: my bike (2004 R6) was hit in a parking lot last week and obviously it fell over, the guy was cool and owned up to it and said he'd pay for whatever damage, but he doesn't ride so i'm pretty sure he thought it'd be like $200.
I took my bike to action and talked to the guys there and the guy who works the desk there was pretty fervent in suggesting a claim. so i went home and filed a claim. i was at the claim center this morning, and my bike is a total loss!! wtf??!?
the damage: a scuff on the swing arm where contact was made, a dent in the gas tank (small and unnoticable), scratches on the muffler, frame slider is toast, scratches on the right side faring and crank case, with small scratches also on the handle and mirror, and the foot peg is broken. total cost of repair (as estimated by ICBC) is over $4,000 and considering that the blue book value of my bike is $4,950 they're calling it a total loss.
so now comes the shitty part. to make it short and easy, i love love LOVE my bike and it was explained to me that if i want the money for it than i have to turn it into ICBC; unless of course i want to cancel the claim and fix it at my own cost. so what now? is there any way i can get money for it cause it'll have a written off title and keep the bike? the guy said he'd call me tomorrow with more details and i'm pretty sure he wants me to take it into action to get a more accurate quote. pretty much i'd like any advice you guys can give with your dealings with ICBC and if you know a way to keep my bike and still get something for the damages.
also, aftermarket stuff on the bike (cause it detemines value)...
Yoshi RS-3 Carbon Fiber Slip On
Fender Eliminator Kit
Flush Mount Signals
Frame Sliders (had to cut the fairings)
+2 Sprocket in the back
-1 Sprocket in the front
Gold Chain (yay) ... i think that's it.