In most cases, when the at-fault party’s insurance company declares your motorcycle a total loss, they will offer you the market value of your motorcycle at the time of the wreck. In exchange, they take possession of your motorcycle and will sell it for scrap salvage value. If you have the ability to repair your own motorcycle, you may have another option to consider. Instead of giving the insurance company possession of your motorcycle, you may consider keeping the totaled motorcycle. In this case, the insurance company will pay you the difference between the market value of the bike at the time of the wreck and the scrap value they could have sold the motorcycle for.