I am close to reaching a settlement with State Farm Insurance on my 2004 Fatboy stolen December 13, 2007 (13 months ago). See this thread for more details: https://www.hdforums.com/forum/touri...ast-night.html.

It has taken a long time because I refused their initial settlement of $20,000 based on their appraisal.

I had $35,000 in the bike including in aftermarket parts, new bike purchase, tax, labor, etc.

They are now offering $27,500. They are basically giving me $14,000 for a used 2004 Fatboy with 9000 miles on it valued as of December 13, 2007 and $13,500 for $16,000 of add on equpiment.

I have ordered a Yellow 2009 Screaming Eagle Road Glide to replace it and plan on using this money to pay for the majority of it. The Road Glide shoud be here shortly.

If I refuse their offer the next step is to split the cost of a third party appraiser. There is probably a risk of a different value coming out of that process. Higher or lower? I don't know.

Should I hold out for more or take this offer?

 

I'd take the offer. You never get full replacement value out of your accessories. Smart decision to hold out the first time around, but I think you could get screwed if you don't take it. JMHO

 

take the money, third round might not get you closer to $30,000.

 

Take the money. You have lost that much in waiting for a settlement.

 

If you think you're gonna get even close to $35k out of them, you're in for a rude awakening. $27.5k sounds like a damn good offer to me.

Look at it this way....if you take their offer you paid $7500 to ride the bike and enjoy it for 3 years.

Take the offer and move on. That SE/RG is waiting for you to bring it home.

 

I have a rider on my policy that costs $60/yr............full replacement cost on anything I have added to the bike........I have all receipts.....I would snag that offer quick!!!! You must of had the accessories insured as well??

 

They're only giving you double the value of the bike, you might want to try and hold out for triple.

 

No stated accessory coverage. Just the value of bike as of date of loss. I never expected to get what I had into it....after all it was a used four year old bike when stolen.

 

Deal, deal, deal!

 

I was thinking of "quadruple" but I don't want to be unrealistic.