How much to offer to buy back a motorcycle from an insurance company?

Question

My custom 04' Yamaha R6 was stolen a little over a year ago. The insurance company paid me for the claim shortly after. Now I come to find out that my bike was found in the exact same condition. Nothing has changed except for the frame had been swapped out. The insurance company has asked me to make an offer to buy back the bike but I'm not sure where to start. I'm excited that I have the opportunity to get my bike back but i don't want to get ripped off. Any suggestions?

Answer 1

I suggest you ask them to give you their price first.  After all, They own the bike.  If they don't/won't, make them a very low offer.  If they make you an offer, no matter what it is, tell them it is too much.  Keep in mind they don't want/have no need for  the cycle at all !   If they keep it, they will wholesale it or sell it at their annual auction anyway.

Answer 2

When my company recovers vehicles in the exact same condition - we let you buy them  back--- for the money we paid you.  

Ask the insurance company how much they want for it.