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What does the insurance company do if your motorcycle is totaled?
Wiki User
∙ 14y ago
Usually they will give you the current used motorcycle value . You can find this in the NADA website: http://www.nada.com/. If you had accessories you will probably have to negotiatefor those or maybe take them off the bike depending on your coverage and your adjusters.
Wiki User
∙ 14y ago
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What do you do if your motorcycle is totaled in an accident with no insurance but you still owe on the bike?
you still owe on the motorcycle. that's why banks require full coverage at the time of the loan-so that they will get their money. Since there is no insurance company, YOU are responsible for paying off the loan.
What percent does foremost insurance use to determine if a motorcycle is totaled?
70% of the value
Will insurance pick up your totaled motorcycle from the impound lot?
I have been in the towing business for 25 years. In most cases, if you have collission insurance coverage your motorcycle is just like a car. Yes, the insurance company will pay the tow bill and storage bill. They will also have the motorcycle picked up and tow to be repaired or salvaged. Make sure you keep in frequent contact with your insurance company about the situation.
Why would an insurance company declare a vehicle totaled?
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
Your car was recently totaled by insurance company can you buy it back from the insurance company?
I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.
Who get the money if the car is totaled and the car is on chapter13?
The insurance company will pay the finance company not you.
What special considerations do I need to take when shopping for motorcycle insurance versus auto insurance?
When shopping for motorcycle insurance verify the company covers extra like accessories and chrome. Foremost Insurance company specializes in motorcycle insurance.
If your car is declared totaled does the car belong to the owner or the insurance company?
The insurance company. They have in theory bought the car or what was left of it.
What makes a motorcycled totaled?
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
Do I need to have a motorcycle license in order to obtain motorcycle insurance coverage?
If you are attempting to get motorcycle insurance that means you probably have a motorcycle and should have a license for it. An insurance company will not provide insurance unless you at least have a motorcycle permit.
Which insurance company offers the best motorcycle insurance and why?
Progressive Insurance Company is considered to be the best company from which to purchase motorcycle insurance. Progressive offers fast quotes and their premiums are considered to be very competitive.
Is it legal for your insurance company to deny a loss for a car that was totaled?
It would depend on why the car was totaled and who's fault the accident was and what time of insurance do you have PLPD or Full Coverage
