I have a 2012 RSV4 R motorcycle which I wrecked a few weeks ago. THe insurance wants to total out the bike but they are not willing to give me the total cost it would be to replace the bike. The issue is that the bike is somewhat a rare bike and the only way to get a value on the bike is to price the bike what is new. A new bike also has a freight and setup fee which all dealers charge and the insurance is subtracting some money for the mileage on the wrecked bike. It is to my understanding that insurance is to pay what the actual replacement cost of the bike is, not the value. The difference in price is about $1,200 so I am pretty upset by this. THe KBB is also higher than the price they are giving but they also say they can't go by KBB.I should also note that this bike is being financed through the bike so I am also told not form them but from other people I know that the bank basically has the power to allow the insurance to pay what they say whereas I don't really have a say at all.
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