1 Insurance Co. offering US$2500 for my bike Fri Nov 14, 2014 5:06 pm
AJ.Valente
Life time member
I'm trying to decide whether to keep my bike, or get something else.
Very briefly, the insurance company is offering US$2500 for my bike, or alternate compensation of US$2000 if I decide to keep it.
I'd like to hear from people on this. My decision will come after this weekend, and I've not made up my mind just yet.
The long story is, I paid US$3000 for it three years ago. It was in good working order, but cosmetically a mess. A minor dent in the tank, scratches on tank, rear clip, mirrors, panniers, etc. The paint job is over 25 years old and looks it. Needless to say I've done the best I could with wax's, touch-up paint, etc.
The latest problem came about about one month ago when my landlord knocked the bike over in the driveway (on his riding lawnmower), cracking the lower right faring. Top that off; the tank, pannier, and rear clip were showered with sprinkles of battery acid. Seems I had a new battery that spilled acid, and that became wipped-up by the motorcycle cover flapping in the breeze.
The bike is fully loaded, with every possible option one could want. Still, it's a cosmetic disaster, and $2,000 is not going to cover getting it back to anything close to "nice." A full paint job will realistically run in the range of $4000-6000, and that doesn't include powder coating the engine and other components.
The offer of $2,500 is very generous. An '86 in relatively good condition probably wouldn't bring $2,500 on the market today. So, if I pass on this offer, I'm basically stuck with the bike for the long haul. Although, I'm already prepared for this as I've stockpiled a ton of good parts including; motor, transmission, and rear end. As it stands today, the bike has probably never run better since when it was new. and should give good service for probably 3-5 more years.
After reading some of TWB's posts, I'm been considering an 1100, 1200, or 1300 model. Now, here is my chance to upgrade. I could take some of the good parts off my bike; tri-spoke rims, tuned headers, gunfighter seat, safety bars, etc. and sell them for around $1000-$1500. That would give me $3500-$4000 to play with. I'd like another sports touring machine, something with fatter tires, good looking faring, etc. Then, I'd add a set of headers and other light modifications, and probably be back on the road next year for all-told around $5000.
My only concern is that I'm giving up a good-running '85 K100 (75K miles on the clock). The insurance company will turn it over to a wrecker for $500. So, it'll go to the scrap heap, and I feel bad about that.
So, let me know what you think. Keep the K100, or not.
Very briefly, the insurance company is offering US$2500 for my bike, or alternate compensation of US$2000 if I decide to keep it.
I'd like to hear from people on this. My decision will come after this weekend, and I've not made up my mind just yet.
The long story is, I paid US$3000 for it three years ago. It was in good working order, but cosmetically a mess. A minor dent in the tank, scratches on tank, rear clip, mirrors, panniers, etc. The paint job is over 25 years old and looks it. Needless to say I've done the best I could with wax's, touch-up paint, etc.
The latest problem came about about one month ago when my landlord knocked the bike over in the driveway (on his riding lawnmower), cracking the lower right faring. Top that off; the tank, pannier, and rear clip were showered with sprinkles of battery acid. Seems I had a new battery that spilled acid, and that became wipped-up by the motorcycle cover flapping in the breeze.
The bike is fully loaded, with every possible option one could want. Still, it's a cosmetic disaster, and $2,000 is not going to cover getting it back to anything close to "nice." A full paint job will realistically run in the range of $4000-6000, and that doesn't include powder coating the engine and other components.
The offer of $2,500 is very generous. An '86 in relatively good condition probably wouldn't bring $2,500 on the market today. So, if I pass on this offer, I'm basically stuck with the bike for the long haul. Although, I'm already prepared for this as I've stockpiled a ton of good parts including; motor, transmission, and rear end. As it stands today, the bike has probably never run better since when it was new. and should give good service for probably 3-5 more years.
After reading some of TWB's posts, I'm been considering an 1100, 1200, or 1300 model. Now, here is my chance to upgrade. I could take some of the good parts off my bike; tri-spoke rims, tuned headers, gunfighter seat, safety bars, etc. and sell them for around $1000-$1500. That would give me $3500-$4000 to play with. I'd like another sports touring machine, something with fatter tires, good looking faring, etc. Then, I'd add a set of headers and other light modifications, and probably be back on the road next year for all-told around $5000.
My only concern is that I'm giving up a good-running '85 K100 (75K miles on the clock). The insurance company will turn it over to a wrecker for $500. So, it'll go to the scrap heap, and I feel bad about that.
So, let me know what you think. Keep the K100, or not.
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'98 K1200RS Marrakesh Red
My old K100 RT Pics and Mods