Motorcycle theft is a major concern for riders and owners alike. According to the National Insurance Crime Bureau, in 2019 alone, over 40,000 motorcycles were reported stolen in the United States. These statistics are alarming, and it is essential to protect your investment with adequate insurance coverage.
Progressive theft insurance for motorcycles is an excellent option for riders looking for comprehensive coverage. Progressive offers a variety of theft insurance policies that cater to different needs and budgets. Here is what you need to know about Progressive's theft insurance for motorcycles.
What is Progressive theft insurance for motorcycles?
Progressive's theft insurance for motorcycles is an add-on coverage option that protects riders from financial losses due to motorcycle theft. This coverage can be added to your existing motorcycle insurance policy. In the event of theft or attempted theft, Progressive's theft insurance will cover the cost of repairs, replacement, or payout of the stolen motorcycle.
What does Progressive's theft insurance cover?
Progressive's theft insurance for motorcycles covers a wide range of scenarios related to theft. Here are some of the highlights:
Theft of the Entire Motorcycle
If your motorcycle is stolen, Progressive's theft insurance will cover the cost of repairing or replacing the motorcycle. If the motorcycle is not recovered, Progressive will pay you the actual cash value of the motorcycle.
Theft of Motorcycle Parts
If your motorcycle parts are stolen, Progressive's theft insurance will cover the cost of replacing the stolen parts.
Attempted Theft
If someone attempts to steal your motorcycle and damages it in the process, Progressive's theft insurance will cover the cost of repairing the damage.
Vandalism
If your motorcycle is vandalized, Progressive's theft insurance will cover the cost of repairing the damage.
How much does Progressive's theft insurance cost?
The cost of Progressive's theft insurance for motorcycles varies depending on several factors. These factors include:
- The make and model of your motorcycle
- Your driving history
- Your location
- Your age and gender
- Your coverage limits
It is best to get a quote from Progressive to determine the exact cost of theft insurance for your motorcycle.
How to file a claim for Progressive's theft insurance?
If your motorcycle is stolen, you need to file a claim with Progressive as soon as possible. Here is how to file a claim:
- Call Progressive's claims department at 1-800-776-4737.
- Provide your policy number and any relevant information about the theft.
- Progressive will investigate the claim and work with you to determine the best course of action.
Final thoughts
Progressive's theft insurance for motorcycles is a smart investment for riders looking to protect their investment. With comprehensive coverage options and affordable pricing, Progressive's theft insurance is an excellent way to prepare for the unexpected. Make sure to get a quote today and protect your motorcycle from theft.
