How Motorcycle Insurance Covers Theft: Protecting Your Bike During Indiana’s Busy Summer Season

Motorcycle theft may be covered by comprehensive coverage, an optional part of a motorcycle insurance policy that may cover damage to your bike unrelated to a collision. Comprehensive coverage may help pay to replace your bike if it is stolen. Comprehensive coverage may also cover damage due fire, vandalism and severe weather.

If you finance or lease your motorcycle, the lienholder typically requires full coverage motorcycle insurance, which may include Gap insurance. This coverage can help pay the difference between your insurer’s payout and the loan or lease payoff if your bike is stolen.

If you have comprehensive coverage and your motorcycle is stolen, you can file a claim with your insurance company. They will investigate the theft and may require a police report and other documentation to process the claim. Once your claim is approved, you may receive payment according to your policy’s terms.

How Can I Prevent My Motorcycle from Being Stolen?

The following precautions may help reduce your chances of motorcycle theft:

• Park in well-lit areas
• Garage your bike when possible
• Avoid leaving keys or fobs on the bike
• Use an alarm system

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McBee Insurance Agency is here to help you explore your motorcycle insurance options. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.