Anything can be done?

My first motorcycle, Honda CBR 500R ABS. After 2 accidents it got a crack in the crankcase. Mechanic finds $1K+ for a new engine. Insurance declared it a total loss. Going for a salvage, evaluated $1000. Should I keep it and make something out of it? Any project can be done? I'm quite noob with the mechanic works. Or just let it go and look for a better one?

Salvage quote comment : CRANKCASE COVER RT AND LT SIDE, CRACKCASE W/ CYLINDERS, ALL FAIRINGS, FT WHEEL GOUGED, SLIDES DAMAGED, RT AND LT FOOT PEGS; Selected Damages: Undercarriage