In the USA and Europe, just like in any other country, owning a motorcycle comes with various risks such as theft. This is because motorcycles are often targeted by thieves due to their high resale value. We understand that as a bike owner, you may want to use the most appropriate preventive measures to mitigate these risks. And a proper insurance policy could be part of your plans. However, does a motorcycle insurance policy also cover theft?

• Does motorcycle insurance also cover medical bills?
• Do you need insurance for a motorcycle in Florida?
• Does health insurance cover motorcycle accident injuries?

We get this question a lot of times and we understand how important it is to several riders out there. So, as an Insurance Blog in the USA, our aim is to address every concern such that you can make an informed decision while choosing your insurance plan. And that is why we created this guide.

So, in a nutshell, whether your motorcycle insurance policy covers theft depends on the specific coverage included in your policy. We will have a detailed discussion about when and how your motorcycle insurance policy may cover you in cases of theft, what other bike policies you may need the limits, and benefits of having your bike properly insured.

Motorcycle insurance coverage explained

Owning and riding a bike being risky, Motorcycle insurance comes in to offer various types of coverage to protect you, your bike, and others on the road. These policies usually provide financial protection for motorcycle owners against risks such as accidents, theft, and damage.

Therefore, it is always up to you to choose the desired policy you think you may want depending on your needs. However, below are some of the policies that are usually included in typical motorcycle insurance:

• Liability Coverage: Protects against claims from others for bodily injury and property damage.
• Collision Coverage: Pays for repairs to your motorcycle after a collision.
• Comprehensive Coverage: Covers theft and non-collision damages.
• Medical Payments Coverage: Covers medical expenses for you and your passengers.
• Personal Injury Protection (PIP): Covers medical expenses and lost wages.
• Uninsured/Underinsured Motorist Coverage: Protects against uninsured drivers.
• Custom Parts and Equipment Coverage: Covers aftermarket modifications.
• Roadside Assistance: Provides help for breakdowns.
• Trip Interruption Coverage: Covers travel-related expenses due to breakdowns.
• Gap Insurance: Covers the loan/lease balance if your bike is totaled.

What Motorcycle insurance policy will cover theft?

It is important for riders to know that not just any motorcycle insurance policy will cover you in case your bike is stole. Therefore, to ensure your motorcycle is covered against theft, you need to have comprehensive coverage included in your motorcycle insurance policy.

Comprehensive insurance coverage protects you against a range of non-collision-related damages, including theft, vandalism, fire, natural disasters, and falling objects. So, in case any of these unexpected events happen on motorcycle, your comprehensive coverage will help pay for its replacement or repair, up to the policy limits.

Therefore, we recommend that you always read and clearly understand the language included in your insurance policy. Check if comprehensive coverage is included in your existing motorcycle insurance policy to be sure there is cover for theft. If you don’t have it yet, contact your insurance provider to add it today.

Do you have to have motorcycle insurance?

In the United States, most states mandate all riders to have a motorcycle insurance policy apart from Florida. It is vital for motorcycle owners to have at least a minimum level of liability insurance which include the following:

• Bodily Injury Liability: Covers medical expenses and lost wages for other people injured in an accident where you are at fault.
• Property Damage Liability: Covers the cost of repairing or replacing other people’s property damaged in an accident where you are at fault.

On the other hand, states like California require $15,000 in bodily injury per person, $30,000 per accident for bodily injury, and $5,000 for property damage. Additionally, some states require Uninsured/Underinsured Motorist Coverage, which will protect you if the other driver is at fault and does not have sufficient insurance.

The bottom line

So, as we wind up, not just any motorcycle insurance policy will cover you in case of theft. You will have to include comprehensive coverage to your policy to be sure that your insurance provider will help you replace your bike in case it is stolen.

Additionally, depending on your policy and the insurer, comprehensive coverage will also cover other non-collision-related damages to your motorcycle, such as vandalism, fire, natural disasters, and falling objects. Take enough time to study and understand your policy to understand the limit of coverage.

Frequently Asked Questions