If you are like most motorcycling enthusiasts, your motorcycle isn’t just transportation, it’s your way of life. However, like any other moving vehicle, you need to secure insurance that protects you from liability in the event of a collision. Considering that in 2015 Las Vegas once again scored as the second highest in the top 10 cities for motorcycle thefts, with 1,042 thefts, behind New York (1,340) and ahead of San Francisco (729), your motorcycle is at risk of being stolen. When weighing insurance coverage for your ride, it’s understandable that you may have questions about coverage in case of theft.
A Target for Thieves
There are several factors that contribute to the high incidence of motorcycle theft in Las Vegas.
Your bike is an attractive target for several reasons:
- It is equipped with expensive aftermarket parts and accessories.
- It can be sold as an intact vehicle or for parts for considerable profit.
- Motorcycles are easier to steal than cars.
- Many newer models utilize remote ignition.
- Most motorcycles aren’t equipped with anti-theft devices, relying instead on locks to prevent theft.
What is Basic Motorcycle Insurance?
Your motorcycle insurance policy will generally provide financial protection against bodily injury and/or physical damage that results from traffic collisions as well as any liability arising from the motorcycle driver’s actions. The most common coverages include:
- Comprehensive Physical Damage Coverage
- Collision Coverage
- Bodily Injury Liability Coverage
- Property Damage Liability Coverage
- Medical Payments Coverage
- Personal Injury Protection Coverage
- Uninsured/Underinsured Motorist Coverage
- Motorcycle Roadside Assistance Coverage
Which Coverage Protects Me Against Motorcycle Theft?
In order to protect you and your motorcycle, fully, you need to determine the appropriate motorcycle insurance coverage for your individual needs. Comprehensive coverage is the preferred choice for many riders, as it helps to cover replacement costs in the event of a theft. Comprehensive coverage only covers the original motorcycle and its parts, but doesn’t cover aftermarket additions, so if you have made aftermarket enhancements to your motorcycle, you should consider detailing all of your custom parts and purchasing custom parts and equipment coverage. Additionally, choosing accessory coverage will protect against the loss, theft or damage to your bike’s accessories, such as customized additions, OEM electronics, custom handlebars, or saddlebags.
No matter what kind of bike, aftermarket additions or accessories you have, you want to protect your investment with the best insurance coverage. Even the most careful rider can’t guarantee that their motorcycle won’t be stolen, so you need an up-to-date insurance policy you can rely on to protect you in the event of an accident as well as to replace your motorcycle in case of theft. Talk with your insurance representative today at Stevens Insurance to determine the best motorcycle coverage for your individual needs.