The value of salvage?
 

Some of you might remember I was bumped off a few weeks ago.

I've had a cheque from the insurers for the pre accident value, less salvage, but not the "accident management company" for the salvage. Their engineer assessed the salvage at 10% of the pre accident value, ie £213.

And now I see the bike, for sale at £1295 on ebay!!!:smt103

http://cgi.ebay.co.uk/2000-SUZUKI-SV...item3cad6adde0

I'm only posting the ebay link so show the bike, I have no interest in it's sale. - But I was told on the phone that the rear swing arm was "bent" and that on an alignment jug the rear of the bike wasn't straight! I also note the bike was hit on the left and fell on the left, so how is there any damage to the right hand side?

So, are they likely to get anything like that amount, and should I have rejected their offer of £213 and tried to flog it privately?

Re: The value of salvage?
 

Mine was assessed at £3k with again 10% salvage so £300, in my case I was TPFT so I kept the bike and got a cheque for £2.7k. ~£100 quid later I had a ridable bike again and more money than I was thinking I'd get by selling it.

IMO for something originally decent condition with cosmetic damage (ie it still runs etc) its always worth either keeping or buying back (depending on insurance), you'll either have a cheap track bike or be able to fix/break/sell it for more.

Druid

Re: The value of salvage?
 

It is generally standard to offer 10% of pre accidental value for salvage.

You have to remember that the salvage dealer is in it to make money but this one is well over the top. So the assessor valued you bike as worth £2,130 for a 2,000 SV with 22,000 on the clock. TBH I think you did very well there.

You still own the salvage if they paid out less salvage, Yet Gloucester Bike specialist are of the opinion they have bought the salvage from the insurance company, and it is their's to dispose of.

Looking at the damage it is obviously beyond economic repair and was correctly written off. If you want the aggravation, demand the return of the bike and either break or restore using second hand parts. Otherwise demand a cheque to make up for them retaining the salvage.

Re: The value of salvage?
 

You can buy an SV with that mileage without the damage for that amount of money. I'd be surprised if the salvage company gets anything like the amount they are asking.