- Credit Card
- Real Estate
I was in an accident in June, other driver at fault. I had only liability coverage, so I’ve had to deal with his insurance directly. The bike was towed to a dealership and a week or so later I got a voicemail from the insurance saying they have information regarding the claim.
It took me about 2 months of calling and emailing every few days to finally find out that it’s a write-off and they are offering $3500. I considered that low for a 2-year old motorcycle that cost me more than double that, so I asked for the evaluation report to see how the value was determined.
Another 3 or so months later, I finally got the report from them. It’s a single screenshot from canadianbluebook.com saying the MSRP value is $5000, retail clean is $3700 and retail average is $3000. They attached a note saying that I can provide “comparables” – ads from people selling my bike in my area – to prove the value is higher.
I feel that it’s entirely unfair to look at ads now that the season is over. Nobody wants to buy a bike in winter just to store it in the garage for several months, so prices will naturally drop. And by the time you could ride it, it’s essentially a full year older than at the time of the accident, since riding season here doesn’t start until May or so.
How can I convincingly argue my case? Do I even have a case? Also, what’s the difference between MSRP and Retail Clean?