Bought it back. Yup. My friends made a convincing argument.
1) The salvage cost is $4900. Repair cost to put it back the way I want it (keeping in mind that my labor is basically free) is about $1500. Total cost to have my Road King back $6400.
2) Value of a salvaged motorcycle is substantially less due to the salvage title. However, lets look at my history. I bought a new Harley in 1992. I still have it and it has over 163,000 miles on it. That's the only Harley I've ever owned. If history holds true, I won't be selling this Road King anyway, I'll be riding the cr&p out of it for the next ten years or so. Who cares what the value is?
3) Replacement bike, $10,500 or so, plus sales tax, plus $1,500 worth of upgrades, total cost $13,000.
When you look at it like this, it makes sense. I save about $6,000. I can use a bit of that money to do some upgrades to the engine that I was thinking about and put the rest on my credit card to have less debt.
Going to be a month or so while I figure out exactly what upgrades I want and get the repair parts in, but I started the process yesterday by ordering the new handlebars, seat, and engine guard. Looking for some used parts for a couple little things but the used market has dried up a little. Not that time of year I guess. Got the word out to friends regarding what I need.
Anyway, happy to have the hassle with Progressive out of the way (btw, I just took their offer. I have too much stress in my life and fighting with them was draining me to little or no result. Got my bike back plus a check this past week. I'll be switching insurance companies.