What to do when your motorcycle is stolen?

What are the chances of recovering a stolen motorcycle?

According to the National Insurance Crime Bureau (NICB), back in 2019 you stood a 46% chance to have your motorcycle recovered.

What do thieves do with stolen motorcycles?

For cruisers and street bikes, thieves go to a junkyard, search for a wrecked motorcycle of a similar model and buy it. They switch the VIN, and the stolen motorcycle is marked as a salvage restore. After inspection, the motorcycle is insured and sold legally.

Does insurance cover a stolen motorcycle?

A: Your motorcycle policy can cover theft — so long as you comprehensive coverage in place. Comprehensive coverage covers losses caused by things other than a collision with a vehicle or stationary object. This can include theft as well as fire, vandalism, falling objects, hail and damage caused by animals.

Do you pay excess If motorbike is stolen?

Normally if you’re not at home when your bike’s stolen they’ll pay out, but there may be an increase in the excess. Make sure you’ve got the right motorcycle cover with MCN Compare we compare against all the top insurers to ensure you get only the best deal.

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How do police recover stolen motorcycles?

The first thing to do is call the police; you’ll be given a crime number, then if you have a monitored tracker (you’ll likely have found out about the theft from the company if you have one) pass on the number and it’ll be dealt with by the tracking team; the chances are you’ll have your machine back shortly.

What happens when someone steals your motorcycle?

If a thief steals your motorcycle, contacting the police to file a report and notifying your insurance company to file a claim should be your first priorities. You can take several steps to ensure your bike stays safe and sound. It’s best to park your bike indoors, in a secure space such as a garage.

What is the most stolen motorcycle?

Most stolen motorcycle makes in the United States in 2019

Characteristic Number of thefts
American Honda Motor Co., Inc. 8,122
Yamaha Motor Corporation 6,495
Harley Davidson, Inc. 4,737
American Suzuki Motor Corporation 4,686

Where are most motorcycles stolen from?

In 2019, California had 6,913 motorcycles reported as stolen.

Number of reported motorcycle thefts in the United States in 2019, by state.

Characteristic Number of thefts
California 6,913
Florida 4,085
Texas 3,165
South Carolina 1,601

How can I prevent my motorcycle from being stolen?

How Do I Protect My Motorcycle From Theft

  1. How To Prevent Motorcycle Theft. …
  2. Lock Your Steering Lock. …
  3. Keep Your Lock Off The Ground. …
  4. Lock Your Motorcycle To Something Heavy. …
  5. Use Multiple Locks On Your Bike. …
  6. Buy Quality Locks And Chains. …
  7. Install A Hidden Kill Switch. …
  8. Park Your Bike In A Well-Lit Location.
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How much does motorcycle insurance cost?

The average cost of motorcycle insurance is $702 per year in the U.S., but rates can vary by more than 250% depending on your location. While most U.S. states have made motorcycle insurance legally mandatory, every rider benefits from active coverage regardless of local requirements.

How do I report my motorcycle stolen?

What to do if your bike is stolen

  1. Report it to the police. Call 101 and ask to speak to a local police officer. …
  2. Inform your Insurance Company. …
  3. Search the surrounding area. …
  4. Monitor online websites to track your bike down. …
  5. Your stolen bike checklist.

Can I insure my motorbike for theft only?

Laid Up motorbike insurance covers Fire and Theft only, providing you with the only cover you need while your bike is locked away over winter.

Is comprehensive insurance worth it for motorcycle?

The price you pay depends on several factors, but motorbike comprehensive insurance is often cheaper and more beneficial to riders as their own bike is covered in the event of an accident. Insurance premiums are built from a person’s risk profile and if you are high risk then this will be reflected in how much you pay.

How does excess work on bike insurance?

1. Compulsory Excess. Compulsory excess is an amount of money that the insurer says you must pay towards the cost of any damages in the event of a claim (a request for a payment in accordance with your insurance policy). The amount of your compulsory excess depends on the type of insurance you have.

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