Okay, bike's probably totaled and the guy writing the estimate has never seen a wileyco and he want's me to find him a price to put on the estimate. So of course I'm looking for worst deal.

I have no idea where my denniskirk receipt went and I've been googling this for the last half an hour. Anybody know of a link that shows a price for one of these things?

It was $254 or so originally ... catalogs etc should ahve it, try wileyco.com too ...
Cool.
Srinath.

Most insurance policies won't cover aftermarket mods unless you declare them to the agent beforehand (and pay an extra cost).  My agent keeps trying to get me to pay $10/month extra to cover my $90 windshield   .

It's going to be totaled not replaced. I'm just looking to boost the actual cash value of the bike for the payoff.

Quote from: fettcolsIt's going to be totaled not replaced. I'm just looking to boost the actual cash value of the bike for the payoff.

i.e. insurance fraud. (fyi)

how is that insurance fraud. thats the actual cost of replacement if he bought it from that specific store.

Quote from: bannerhow is that insurance fraud. thats the actual cost of replacement if he bought it from that specific store.

intentionally inflating the cost solely to get more cash in pocket is, legally, fraud.

Even if it is "fraud" (which I don't think it is) they will still take money out of your pay out for "Other Charges". My payout, for example, was supposed to be $1680, but there was a "LESS: OTHER CHARGES $114" thus bringing my grand total to $1572. They won't even tell me what it is they took off, and I don't have time to fight them.

Get all the money you can, insurance companies are scum.

My insurance policy will cover up to 500 or 1000 dollars for extras without paying extra for it.  Anything over that said amout it cost more.

Quote from: rritterson

Quote from: bannerhow is that insurance fraud. thats the actual cost of replacement if he bought it from that specific store.

intentionally inflating the cost solely to get more cash in pocket is, legally, fraud.

i don't think that's fraud.  insurance companies pay "actual cash value".  how is that determined?  ideally by what you could sell the bike for in the open market.  but since the bike is wrecked, what do you go by?  you go by replacement cost which includes buying a new wileyco pipe which are no longer available on eBay.

Nope ... not fraud ... when I had one of those hit by a car incidents back in 97, it was replacement cost. I could have sent them ads of bike sales with similar year in the near about geographic region, with similar mods (not my insurance company so its fair game to charge them for it all ... ) ... the only problem was they offerred me like $200 more than the priciest 89/90/91 I could find. They calculated with book value + credit for mileage - whihc at 15K was well under the 5K per year ... If I had found ads that were for more ... I could have pushed for the extra $$ ... I'd say get wileyco quotes, I can send you an invoice for a flange (BTW I made like 43 at 1 sitting so it cost y'all $40), I make 1 flange it will be over a 100 to make it ... so I am inclined to send you that in an invoice if you like Fettcols ...
Unique stuff is pricey, as is custom work ...its all under the broad heading of fair market value - if there is only 1 of its kind, and its got a set of people that want it (honda hawk's, kawi eliminators, Chevy bel air's etc) book values and market values are really really far off. If you have a large enough market, they come out with a blue book that reflects that value, if not, its up to you to come up with a reasonable estimate.
Cool.
Srinath.

You want to present the replacement cost of the items at normal retail value.  There's no saying you'll be able to find a deal or not.

Example...

I purchased a Jeep Wagoneer from a friend of mine.  He gave me a really good deal because: 1) We're friends and 2) He was joining the military in under a week and could keep it.

Some months later someone t-boned me.  His insurance company found that the damage was less than the value of the vehicle and decided not to total it.  The repair cost and the settlement I received was actually more than I paid for the jeep in the first place...

It's not about replacing what you paid, it's about replacing the VALUE of the item...  If someone gave you a car as a gift, it was free to you.  The insurance company isn't going to tell you that you're not getting any money because you didn't pay for the car...  They're going to pay you the value of the car.

Now...  Saying that things cost more than they actually do or saying that things are broken/stolen when they weren't is 100% fraud.

Make no mistake... the exhaust system is broken into two pieces. The part is no longer available where I purchased it. So I'm looking to find the retail price of a replacement part. The part will not be purchased it's just going to factored into the estimate. The value of the aftermarket parts will probably be added up and divided by two for the actual cash value of the modifications. Say they add up to $1000... Well the parts were used for a year so they are no longer worth the $1000 but they do increase the value of the bike as a whole. So a good estimate would be $500 over the price of what a used and unmodified GS would sell for in the local market.

Not to mention the repair shop wants to present an accurate estimate to the adjuster so they'll need to know where and how much a replacement muffler costs.

It's not fraud... I'm an insurance agent for a living, if I were to defraud and insuance company I would lose my career. That's worth more than a muffler (and a few bikes).

I'm just trying to find the retail price of the part. The repair shop will want to find the retail price so they can puchase the part and apply thier markup (usually 20%) to the part. Therefore the more they spend the more they can charge me/insurance company for the job and the more they make. That's just the way the auto repair business works. It's a little messed up but that's why insurance adjusters often underestimate repair costs.

Hey maybe you can present a Yanashiki as the close replacement. Or look on fleabay, and look in completed auctions ... some on there may have wiley co's. Yea and flanges are $100 a pop ... for 1. If I didn't have one scratching up my garage floor I'll charge your insurance company $100 to make 1 ... heck will prolly cost me more than 100.
Cool.
Srinath.

lets look at it this way;

If you buy a 65 mustang from an old lady who bought it in 65 and it has been driven 500 miles and kept in a garage, and she sells it to you for $500, does the selling price change its worth?

NO

Just because you got a deal on something does not mean it is not worth what a catalog says it is worth. Otherwise you would not have bought it.

Not Fraud.