Motorcycles are a fun and efficient way to get around, but they are also vulnerable to theft. With the increasing number of stolen motorcycles every year, it is essential to have full coverage theft insurance for your motorcycle. Full coverage theft insurance provides peace of mind that your motorcycle is protected from theft, and you will be covered if the worst happens.
What is Full Coverage Theft Insurance?
Full coverage theft insurance is a type of insurance that covers theft of your motorcycle. It includes comprehensive coverage, which pays for damages to your motorcycle that are not caused by a collision. Comprehensive coverage is a vital part of full coverage theft insurance as it covers theft, vandalism, and other non-collision damage to your motorcycle.
Why Is Full Coverage Theft Insurance Important?
Motorcycle theft is a growing problem in many parts of the world. According to the National Insurance Crime Bureau, motorcycle thefts increased by 9% from 2014 to 2015. Having full coverage theft insurance is essential because it protects you financially if your motorcycle is stolen. If your motorcycle is stolen and you don't have full coverage theft insurance, you will have to pay for a new motorcycle out of pocket.
What Does Full Coverage Theft Insurance Include?
Full coverage theft insurance includes comprehensive coverage, which covers non-collision damage to your motorcycle. Comprehensive coverage includes theft, vandalism, and damage from natural disasters such as floods, hurricanes, and earthquakes. In addition to comprehensive coverage, full coverage theft insurance may also include collision coverage, which covers damage to your motorcycle caused by a collision with another vehicle or object.
How Much Does Full Coverage Theft Insurance Cost?
The cost of full coverage theft insurance varies depending on several factors, including the make and model of your motorcycle, your age, and your driving record. Generally, full coverage theft insurance is more expensive than liability-only insurance, which only covers damages you cause to other people and their property.
How to Get Full Coverage Theft Insurance
You can get full coverage theft insurance for your motorcycle from any insurance company that offers motorcycle insurance. To get full coverage theft insurance, you will need to provide the insurance company with information about your motorcycle, including its make and model. You will also need to provide information about yourself, including your age and driving record.
Tips for Saving Money on Full Coverage Theft Insurance
There are several ways to save money on full coverage theft insurance. The first is to shop around and compare prices from different insurance companies. You can also increase your deductible, which is the amount you pay out of pocket before your insurance kicks in. Another way to save money on full coverage theft insurance is to take a motorcycle safety course, which can lower your insurance premiums.
Conclusion
Full coverage theft insurance is an essential part of protecting your motorcycle from theft. It provides peace of mind that you will be covered financially if your motorcycle is stolen, vandalized, or damaged in a natural disaster. If you own a motorcycle, it is essential to have full coverage theft insurance to protect your investment and yourself.
