Yep, deal of the century, and a complete no brain-er.
You should have 'free' biking for a couple of years, with the insurance payout, then very cheap biking for a few years after that.
However, your theory of running the bike until it is dead, won't happen. Simply because the bike won't die. I would think that you are more likely to croak
before the bike does.
In which case the bike will continue under the ownership of A. Your good lady. B. Your Grandkids, or C. Me (Hint).
So yes, a great bit of business, and well done.
All that remains, is for you to get yourself fit again, then away you go. Job done.