See what they offer for the bike to total it, and what they want to buy it back from them. There are some nice deals that come down that road.
Here's a very recent example, granted it's not a motorcycle, but it gives some idea of how insurance companies work.
One of our customer's boats(a 1970's Catalina 30) got loose and bumped into a couple other boats before we could stop it from drifting down the river.
He was trying to sell the boat for $10,500, the insurance company gave him $13,000 and totaled it. The damage consisted of two bent stanchions, a busted window and some scratches in the gelcoat. Rather than ship it to an auctioneer in Florida the company sold the boat to one of the guys who work here for $1500.
Cost him about $600 and a couple days to fix everything, and he just sold it for $8500.
Where in New York are you? I have a good Y spoke rear wheel I can deliver for $100 if you aren't too far away. Depending on how bad the tank is a paintless dent repair can get it back in shape for about $200 or less. Good tanks on eBay aren't much more.
