Join Date: Apr 2002
Location: Williamsburg, VA, USA
Re: My beloved LT got hit by a car
Glad you came out ok. The LT offers great protection when something like this happens. Unfortunately, dealing with insurance companies is a real pain. Not to knock the value of your bike, but I would be surprised if you get over $3k for it. If anything, deal with the other persons insurance company and hold out for as long as possible. Also claim any damaged gear.
When I totaled my 2000LT five years ago, my insurance company gave me $4k. To me, it was worth closer to $5k, but they go by blue book. In its condition (before the accident) and with accessories, I could not replace it for at least $5,500.
My insurance company called my local BMW dealer to ask what it was worth and I blame the low figure on the Sales Manager. My LT did have 99,960 miles on it, but I would still be riding it today if the accident did not happen.
If anything, talk to your local Sales Manager and tell him that your bike was totaled and to expect a call from the insurance company. If you have a good communication with the Sales Manager and he knows you and your bike well, he may give the insurance company a higher number.
2000 LT - Totaled at 99,960 miles
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