Under Nevada law, when the cost of the repairs exceeds more than 80% of the value of your motorcycle, it will be declared a “total loss.” The insurance company would then assign a value to your motorcycle. Many times you will feel that the value is too low. We are obviously not in the motorcycle business, but we are happy to help you fight to get fair value. In those instances, please provide us with receipts showing any recent modifications or repairs, like new tires. Also, any research you can do showing what your make, model, and year retails for in Las Vegas would be helpful. If you have full coverage, it’s always best to have both insurance companies inspect and assess your vehicle’s value. It is surprising how often insurance companies will come up with significantly different values so it is best to have options.
If your motorcycle is declared a “total loss” you would also have the option of retaining the vehicle for “salvage.” This means you would be given a check for the vehicle’s value, less what the insurance company could get if it sold it to a wrecking yard. This option is best for mechanically inclined people, or those who want to “part it out.”  Remember, that under this option, your vehicle’s title will by law be converted to a “salvage title” so that you cannot then fix it and then sell it to some unsuspecting buyer. Again, no matter what your circumstances are, remember we are here to help.