Its a shock that the nice and friendly town of Weaverville is the scene of motorcycle thief but I guess no place is 100% safe... its why some of my customers go to extreme measures...
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Motorcycle Theft and Your Insurance
Motorcycle theft is common problem in cities across the United States.
One theft claim can raise your motorcycle insurance rates and can
potentially cost you a great deal of money out of pocket, especially
if you’ve put a lot into custom parts.
Learn some of the major reasons why motorcycles are a major theft
target, how motorcycle theft can impact your insurance rates, and ways
to help prevent your bike from being stolen. Your Motorcycle: A Target
for Thieves
Several factors contribute to the pervasiveness of motorcycle theft.
First, a motorcycle is attractive for two main reasons:
They can be sold for major profit as whole vehicles or for parts.
They are often equipped with expensive aftermarket parts, which
increases their value.
Second, a motorcycle is easier to steal than most cars. Whereas many
cars are equipped with anti-theft devices, motorcycles typically don’t
have the same features that prevent theft. Bikers rely mostly on locks
to prevent theft.
Third, many of the newer models start by remote, allowing thieves to
fire the ignition immediately with minimal fuss. Seasonal
Considerations
Motorcycles are seasonal modes of transportation for many riders,
meaning bikes are more present (and subsequently more prone to theft)
during the summer months.
According to the National Insurance Crime Bureau (NICB), in 2012, the
month of July had the highest number of stolen motorcycles, with 5,529
thefts reported in the U.S. June and August had slightly fewer
instances.
February saw the lowest number of stolen bikes, with just over 2,000 thefts.
States like Florida, Texas, and California see the most instances of
bike theft due to their warm climates. Recovery Rates
The recovery rate is unfortunately low for stolen motorcycles. While
the NICB reports that in 2012 the recovery rate for all vehicles
increased, the rate for motorcycles remained relatively low, peaking
at 39%, compared to 53.9% for passenger vehicles. Commonly Stolen
Bikes
Not surprisingly, there are some bikes that are bigger targets than
others for thieves. Bikes that have very powerful engines and whose
parts can be sold off for high profit are highly valued by thieves.
According to the National Insurance Crime Bureau, the most commonly
stolen motorcycle make is Honda. The next most commonly stolen makes
are:
Yamaha.
Suzuki.
Kawasaki.
Harley-Davidson.
The Effect of a Claim on Your Motorcycle Insurance
When you report a theft claim to your auto insurance company, your
insurance rate can be immediately impacted.
Even though your policy may cover theft, submitting a claim could turn
you into a “high-risk” policyholder. As a result, your insurance
premium may rise.
As always, your rates will depend on your insurer and the type of
policy you hold.
Which Coverage Protects Me?
In order to fully protect you and your motorcycle, you must obtain the
right motorcycle insurance coverage.
For many riders, comprehensive coverage is the optimum choice because
it helps cover the cost of replacement due to theft. Furthermore, if
you decide to make any aftermarket enhancements on your bike, you
might also consider purchasing custom parts and equipment coverage.
Comprehensive will only cover the original bike and its parts, but
will not cover aftermarket additions.
To be completely protected in case of theft, you will need to obtain
custom parts and equipment coverage and report the exact amounts for
all custom parts to your insurance company.
To learn more, visit our Comprehensive Physical Damage Insurance for
Motorcycles page.
Preventing Motorcycle Theft
According to the Motorcycle Safety Foundation (MSF), the first step in
preventing motorcycle theft is locking the ignition and removing the
key.
The MSF also provides the following additional tips to keep your bike safe:
Obtain large, brightly colored tagged locks to lock your disc brakes or forks.
Ensure your motorcycle is locked to a stationary object that cannot be easily moved.
Install an alarm with a loud noise.
Whenever you travel, make sure the bike is either parked near your
room or in the garage right by the security camera. If you keep your
bike in a garage while at home, always make sure the door is closed
and locked.
Lastly, always keep your registration and other important documents
with you rather than in the bike, and be very careful about giving
away any personal information.
Taking basic preventative measures can prevent you from becoming a victim.