Originally Posted by hitmanninja
Just thought... does anyone know if the insurance companies will allow me to pay the difference between the maximum payout and quoted repair cost. My excess is $400.00 I will just pay more to keep my bike...
Doubtful. It's cheaper for them to write the bike off once repair costs exceed approximately 75% of the bike's value than to pay for the repairs.
Say the bike's value is $5,000. Repair exceeds 75% of the bike's value. They'll cut you a check for $5,000 (the bike's value), then sell the bike for salvage and get maybe $3,000.
So it's either they lose $2,000 writing off your bike, or $5,000 paying for the repair.