Jim, amazing how life can change so fast! And seem to go right down the toilet, but if ya don't mind me sounding a bit corny, this can also be a tough but good chance for you to make a friend for life and restore your good name...(if of course you had a good name before all this.) I have a buddy who let a mutual friend ride his brand new bike and he absolutely destroyed it. It was tough, but they got together and worked out a plan for payments, required some tightening of the financial belt, but he paid off the destroyed bike in a relatively short time. Even if the other kid does report it to his insurance company, make sure you still give him something to offset the increase in his rate. I hope you have health insurance, but if you don't, the hospital will work out a payment plan with you as well, I should know, one day at Halifax medical center last March from my bike wreck cost me somewhere in the ballpark of $12,000.00
. My HMO covered a lot, but I am still paying stuff off, they were happy to work out the details with me.
I hope it all works well for ya, and it will take effort on your part to make things right, but this will come to pass, and hopefully you and this kid will be good friends, and he will get to see that when a roadracer makes a mistake, we do what it takes to make things right. Every one of us has done something like this at some point, and I am already encouraged, cause ya took the time to ask for help, that's a good sign.