motorcycle insurance glossary - W
write off
An insurance 'write off' occurs when the cost of repairs to your motorcycle exceed the value of the motorcycle (taking into account any salvage value).
For example, if your motorcycle is badly damaged and the estimated repair costs are £5,000, the value of the motorcycle is £5,500 and the motorcycle's salvage value is £800 then it is cheaper for your insurer to declare the motorcycle a 'write off' or 'total loss' rather than repair it.