Got word from the adjuster today on the fate of my good o'l burned up Versys 650.
Total Loss was the final word, to which I was not surprised.
The process with Geico has been slow but the settlement was well worth the wait.
I bought the bike a couple of years ago for $4200. Plus I got 2 helmets, a jacket, and a paddock stand. I sold the helmets and jacket for around $200 making the total price for the bike right at $4000.
Added several upgrades for a total of around $1k and put 22k miles on it.
The adjuster told me I would receive...drum roll please... $6350. Wow I was expecting around $3500 minus the $1000 deductible.
Then to make the deal even sweeter he told me the deductible would be waved because it was a fire.
I have always said I would rather be lucky than good and I sure am in this case. Gotta say I will certainly be staying with Geico. Their premiums were considerable lower than the other companies and their payout is more than generous.
The premium on my V was $180 annual for full coverage. My recently acquired Aprilia Dorsodura is only $130 a year for the same coverage.
So my once really cool V-650 is on it's way to motorcycle heaven. Or most likely is about to become an organ doner.:surprise:
Total Loss was the final word, to which I was not surprised.
The process with Geico has been slow but the settlement was well worth the wait.
I bought the bike a couple of years ago for $4200. Plus I got 2 helmets, a jacket, and a paddock stand. I sold the helmets and jacket for around $200 making the total price for the bike right at $4000.
Added several upgrades for a total of around $1k and put 22k miles on it.
The adjuster told me I would receive...drum roll please... $6350. Wow I was expecting around $3500 minus the $1000 deductible.
Then to make the deal even sweeter he told me the deductible would be waved because it was a fire.
I have always said I would rather be lucky than good and I sure am in this case. Gotta say I will certainly be staying with Geico. Their premiums were considerable lower than the other companies and their payout is more than generous.
The premium on my V was $180 annual for full coverage. My recently acquired Aprilia Dorsodura is only $130 a year for the same coverage.
So my once really cool V-650 is on it's way to motorcycle heaven. Or most likely is about to become an organ doner.:surprise: