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PrintComprehensive Motorcycle Insurance Provides Theft Protection
As a motorcyclist, you've probably noticed more and more fellow riders on the road in recent years. With some models now costing over $20,000, thieves have also taken notice of the increased popularity in motorcycles. Motorcycles are a tempting target, as stolen bikes are either sold whole or stripped down for parts and resold. This gives you all the more reason to purchase a motorcycle insurance policy with comprehensive coverage.
Stolen Motorcycles are Rarely Recovered
Motorcycle thieves are very diligent with their hauls, selling stolen parts or using parts to reconstruct new bikes. It's also easier to camouflage, alter or reuse motorcycle parts, including frames, than car or truck parts. According to the National Insurance Crime Bureau only 25-30 % of motorcycles are recovered, as opposed to 60-65 of cars and trucks.
Comprehensive Motorcycle Insurance Provides Theft Protection
When buying motorcycle insurance; be sure to get comprehensive coverage. Comprehensive coverage pays for damages caused by an event other than a collision, such as theft, vandalism or fire. However, most comprehensive motorcycle insurance policies will only cover the book value of the motorcycle. Keep in mind most comprehensive motorcycle insurance policies only cover the factory standard parts on your motorcycle. If you decide to add on any optional accessories such as chrome parts, a custom paint job, trailers or sidecars, you should look into obtaining additional or optional equipment coverage.
Tips to Prevent Motorcycle Theft
There are steps you can take to help deter motorcycle thieves. Additionally, these steps can also help reduce your motorcycle insurance premium.
1. Store your motorcycle in a locked garage.
2. Lock your bike to a stationary object, even if you keep it parked in a garage.
3. Install an alarm system or anti-theft device on your bike.
If a thief targets your bike, chances are it won't be recovered. Housing your bike in a locked garage, keeping it locked to a stationary object and adding an alarm can help deter thieves. But buying motorcycle insurance with comprehensive coverage is the best way to protect against motorcycle theft.
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