Quote:
Originally Posted by Cuongism
Unless I'm mistaken, a bike gets salvaged by the insurance company when a claim is made and the cost of repair is more than the bike is worth. The owner can buy the bike back or the insurance company can sell the bike but in either case the bike gets the salvaged title.
Someone will only make an insurance claim after a crash or accident. I doubt bad parts from factory will cause a claim.
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Yes and no.
Yes, a bike is salvaged when an insurance claim is made and they pay out money. However, it has nothing to do with whether or not they paid out more than the bike is worth. If you go through your insurance company for ANY amount of repair to a bike then it will end in a salvage title. Therefore, the owner must weigh the options of deductible and salvage title or pay out of pocket with clean title (for minor damages).