Hit & Run - The settlement

[Venturous Randy]

To bring everyone who is interested up to speed, I have made a settlement with State Farm on my bike.

I have kept the title of this post Hit & Run, even though after the woman was told there was a video of the event, she no longer denied hitting my bike. If you are interested in the whole saga, the other posts are at the bottom detailing the highs and lows. Even though she was charged with driving on a suspended license and improper backing while driving her boyfriend's F150 Ford pickup truck, State Farm took liability.

I was a bit anxious when I met with the State Farm adjuster, but I was pleased that on several occasions, he stated that I had a real nice looking bike. He was impressed with the condition and especially the paint. I don't think he expected this when he came to look at a 25 year old Yamaha.

I got a call last Tuesday from State Farm wanting to settle on the damage. The first thing the woman said was they had done some research on an 83 Yamaha Venture and determined the value was something over $3,000. That surprised me right from the start. She said they were not taking issue with any of the submitted estimates, but this did take the payoff to more than the value of the bike. She asked me if I wanted to keep the bike and I told her I hope so.

She stated that an option would be for the bike to be totaled and me buy it back. She then stated that if I would sign a release and fax them a copy of my title, I could buy the bike back for $200 and she would take that out of the total and send me a check for $3,162. She also stated that they were not going to notify the state of Tennessee, so I would not get a "salvage" title. She said she would immediately process the claim. I went home during lunch and picked up my title and signed the release and faxed it back.

By Friday, I had not received a check, so I called the woman and found that she had just left on a weeks vacation. I gave the woman that answered my claim number and she pulled it up on the computer and stated the fax had not been received. They have a fax system that is received on a computer and it sorts it according to the claim number. We ended up having to use a regular fax machine for her to have it in hand. She stated she would process it today.

So, my plans are to take the fairings off and realign the upper frame and fix some plastic and get the worked areas repainted. I am also going to get the right bag painted on the outside and replace the left bag and paint it. I also need a right front signal light and will have to do some work on the plastic panels that hold the speakers, or replace them.

I also plan on replacing my rear Avon tire with an Elite III and I am going to get a PC680 battery.

I appreciate the interest expressed with my emotional highs and lows I have been dealing with and the encouragement. I feel a little guilty about how this has turned out, given others, such as Yammer Dan have been through so much crap.

RandyA

[sarges46]

Sounds good Randy....pretty fair deal. It is too bad that Yammer didnt get so lucky. But it is good to see someone not get hosed to bad.

[VTirelli]

Glad to see one of the good guys made out. It still sucks that your bike got hurt but nice to see an insurance company doing the right thing.

[Yammer Dan]

GREAT NEWS Randy I'm glad to hear it. Hope you get it back as good as it was or Better

[Yammer Dan]

I'm looking at another 84 low low miles might pull trigger on this one fix others later

 

TIME TO RIDE!!

[Redneck]

Thats good news I was wondering today how you situation was going. I hope you get her back on the road soon.

[KingSizer]

Glad to hear that things turned out ok, and you didn't have to wait months and months of this thing dragging out.

And thanks for keeping us posted.

[Grandpagak]

best of luck to you both..

[Carbon_One]

I've been following this saga as well Randy and am happy that the outcome is going to be in your favor.

Looking forward to seeing you get that sweet looking ride back up to where it was last year when I first saw it. Good luck

Larry

[bongobobny]

I have spare front and side fairing frames if you need them Randy! Glad things are going your way!!!

[Princess M]

Randy, I'm glad to hear you are happy with your deal. I have know way of knowing if it's a good deal or not, but if you're happy that is all that matters. I hear stories about State Farm Insurance Co and they seem to be pretty fair. I had someone rear end me at a stop light and knock me into a truck hitch in front of me a couple of months ago. I had the repair work done. I wasn't 100% satisfied with the work so I took it back to the body shop. My complaint wouldn't be anything anyone else would notice, but I could. I was told most insurance companies won't pay for original parts but only after market parts. So the issues I had with my car had to do with trying to get those after market parts to fit. The guy at the body shop told me that State Farm and only one other insurance company that he knew of paid for original parts. Kind of wish I had State Farm for my car.

[RoadKill]

To bring everyone who is interested up to speed, I have made a settlement with State Farm on my bike.

I have kept the title of this post Hit & Run, even though after the woman was told there was a video of the event, she no longer denied hitting my bike. If you are interested in the whole saga, the other posts are at the bottom detailing the highs and lows. Even though she was charged with driving on a suspended license and improper backing while driving her boyfriend's F150 Ford pickup truck, State Farm took liability.

I was a bit anxious when I met with the State Farm adjuster, but I was pleased that on several occasions, he stated that I had a real nice looking bike. He was impressed with the condition and especially the paint. I don't think he expected this when he came to look at a 25 year old Yamaha.

I got a call last Tuesday from State Farm wanting to settle on the damage. The first thing the woman said was they had done some research on an 83 Yamaha Venture and determined the value was something over $3,000. That surprised me right from the start. She said they were not taking issue with any of the submitted estimates, but this did take the payoff to more than the value of the bike. She asked me if I wanted to keep the bike and I told her I hope so.

She stated that an option would be for the bike to be totaled and me buy it back. She then stated that if I would sign a release and fax them a copy of my title, I could buy the bike back for $200 and she would take that out of the total and send me a check for $3,162. She also stated that they were not going to notify the state of Tennessee, so I would not get a "salvage" title. She said she would immediately process the claim. I went home during lunch and picked up my title and signed the release and faxed it back.

By Friday, I had not received a check, so I called the woman and found that she had just left on a weeks vacation. I gave the woman that answered my claim number and she pulled it up on the computer and stated the fax had not been received. They have a fax system that is received on a computer and it sorts it according to the claim number. We ended up having to use a regular fax machine for her to have it in hand. She stated she would process it today.

So, my plans are to take the fairings off and realign the upper frame and fix some plastic and get the worked areas repainted. I am also going to get the right bag painted on the outside and replace the left bag and paint it. I also need a right front signal light and will have to do some work on the plastic panels that hold the speakers, or replace them.

I also plan on replacing my rear Avon tire with an Elite III and I am going to get a PC680 battery.

I appreciate the interest expressed with my emotional highs and lows I have been dealing with and the encouragement. I feel a little guilty about how this has turned out, given others, such as Yammer Dan have been through so much crap.

RandyA

 

 

Glad to hear it turned out well. I had a feeling it would once I heard you had State Farm. I have had their insurance on everything I own my whole adult life and have always felt I was treated fairly. FYI - Since 2000 they have also been my employer, I work in their Corporate Systems Deptartment. They treat their employees fairly also. So, Congrats and good luck getting your bike back to its pristine shape.

Jay

[Eck]

Happy for you that things turned out to your liking. Now the work begins in fixing her back up which I have no doubt you can and will do.

 

Look forward to seeing it (and you) again on the road again soon bud.

 

Sorry you had to go through all this though...

[Sweetnothing]

Randy,

Glad to hear things are about to turn around for you! I can't wait to see it and you again! And don't forget the before and after pics!

[ADC]

Glad to hear things turned out pretty well for you Randy,it's a shame your scoot got damaged but now hopefully you can get it back as good as new.

Arthur

[Guest ezornes]

Could you please find that girl andhave her smash my 89 VR. That sounds like i would make more than selling it outright. LOL.....

[davepa]

Great to hear State Farm was fair in your settlement...I do not want to steal your thread...but I am still playing phone tag with Allstate. I am sure you saw my post regarding the young lady who hit my 87', we are still bargaining back and forth trying to come to a fair resolve. Good luck bringing your bike back to its pre-crash condition.