Insurance will pay to fix my Nomad but are demanding the old parts? - Kawasaki Vulcan Forum : Vulcan Forums
 
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post #1 of 8 (permalink) Old 06-25-2012, 10:36 AM Thread Starter
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Insurance will pay to fix my Nomad but are demanding the old parts?

A few of you may remember my last post about being side swiped by a minivan a few weeks back. Well long story short the other driver's insurance company has agreed to write me a check for the resulting damages without declaring the bike a total loss but oddly enough they have requested that I give them my saddlebags and front fender since the damage is light and they believe they can salvage them. I've never heard of an insurance company salvaging only certain parts a bike before and quite frankly I would rather keep them if possible. Has any body ever encountered this scenario before or know if they have the legal right to claim them?

Thanks!

2009 1700 Nomad (Black)
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Last edited by matt7even; 06-25-2012 at 10:39 AM.
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post #2 of 8 (permalink) Old 06-25-2012, 11:56 AM
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They are paying for the replacement parts so they have a right to demand the replaced parts. First I've heard of an insurance company trying to salvage a few motorcycle parts.

Are they compensating you for diminished value ? You could use that as leverage.
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post #3 of 8 (permalink) Old 06-26-2012, 07:21 AM
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They are paying for the replacement parts so they have a right to demand the replaced parts. First I've heard of an insurance company trying to salvage a few motorcycle parts.

Are they compensating you for diminished value ? You could use that as leverage.
You are right, insurance companies can ask for any or all of the replaced parts. I asked my friend (insurance underwriter) about this, he said that a lot of the companies he deals with do this.

Reason? They have figured that too many put in a claim for high dollar items like hard bags, get the check and either 1. Don't replace them 2. Fix them up either way they pocket all or part of the pay out. This way you either get new bags etc or ride without, they want to know the money has been spent for what it was destined for. Also not replacing items and keeping money is insurance fraud.

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post #4 of 8 (permalink) Old 06-26-2012, 10:03 AM Thread Starter
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Thanks guys. I talked to a friend who used to work in the insurance biz and she confirmed that it's rare they salvage only parts but not unheard of. This is my first vehicle insurance claim so I am learning a lot through the whole process.

2009 1700 Nomad (Black)
OPT7 LED headlamp
Painted brake disks
Kawasaki light bar
Scootworks bar risers & engine chaps
RAM phone mount & drink holder
Kuryakyn speakers & AC outlet
National speedometer cowl
Wolo air horn
Oxford heated grips
Vaquero engine emblems
Mustang touring seat
Irons in the Fire rack
Kuryakyn Triple Play tail light
Cobra Tri-Oval exhaust
LED custom driving lights, accents, and turn signals
Goodyear Tripletred rear tire (205-16-60)
Ivans ECU flash
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post #5 of 8 (permalink) Old 06-26-2012, 08:58 PM
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Same thing if your bike is stolen and the insurance pays it off and 6 months later the bike is recovered it is not your bike any more. It belongs to the insurance company.
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post #6 of 8 (permalink) Old 06-28-2012, 09:38 AM
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Someone at the insurance company has a vn1700? lol


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post #7 of 8 (permalink) Old 06-28-2012, 09:46 AM
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Someone at the insurance company has a vn1700? lol
Hahahahahaha

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post #8 of 8 (permalink) Old 06-29-2012, 11:57 PM
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Quote:
Originally Posted by IsAnOzzie View Post
Someone at the insurance company has a vn1700? lol
lmao! lmao!

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