I am not an insurance specialist. Always do your own research and talk with a certified insurance agent about coverage.
Have you ever seen those videos of people riding brand new dirt bikes, quads and minis around on city streets doing stupid stunts, and giving dirt bike enthusiasts a bad name? Well, here's a little secret, most of those bikes (if not all)....yeah, they're stolen. No real dirt bike enthusiast is going to go riding around city streets doing stupid stunts like that. Unless of course your filming an urban moto video in a foreign country or something.
So how do you make sure your bike doesn't get featured on the next urban dirt bike video? Most people do as much as they can to keep their dirt bikes safe at home and on the go. They lock them up in the garage, trailers, motocross vans, with chains and locks, but even with all these precautions, thieves still manage to get their hands on these dirt bikes. So what's the best protection? One word, INSURANCE.
I CAN INSURE MY DIRT BIKE IN CASE OF THEFT?
YES! Most insurance companies have coverage plans for off highway vehicles. The plans usually cover at least two major things; extensive/total loss damage, and theft. Most modern motocross bikes are pretty darn expensive. Usually in the $3,000-$8,000+ range. For some, that may not seem like a lot, but to most people, that's a chunk of money they can't afford to lose.
Now, some states require insurance coverage for liability purposes too. So be sure you know what you're getting. For most people, theft of their dirt bike is their number one concern, so we're going to talk about that.
HOW MUCH IS
DIRT BIKE INSURANCE?
Plans can vary depending on your insurance provider, but most are pretty inexpensive. Personally, my coverage runs under $13 a month. Yeah, cut out a few Starbucks coffees a month and you can have the peace of mind that your dirt bike is insured against theft.
Think about this; most of us put insurance on our cell phones for years without thinking twice. These plans run roughly $8-$13 a month to insure an item that usually costs around $1,000 now days. Then when you actually do file a claim, you have a large deductible and you don't even get a new phone. It's a "refurbished" one that often times has more problems than the one you had (just my experience).
So why are we so hesitant to get dirt bike insurance? Especially when the coverage costs roughly the same amount as it does to insure a cell phone? Doesn't make sense does it?
DO I ACTUALLY NEED
INSURANCE ON MY DIRT BIKE?
Really, the decision is up to you. How many times do you actually use your insurance policy on your vehicles? Not often right? The thing is, IF something happens, you'll be thankful you had it. Insurance on your dirt bike definitely adds cost to your riding budget, but ask yourself this:
Is it better to need it and not have it or have it and not need it?
DOESN'T MY HOMEOWNER'S POLICY COVER THE THEFT OF MY DIRT BIKE AT HOME?
You will want to confirm with your insurance company that they will cover you if your dirt bike is stolen out of your garage or from your property. Most people assume it would be, but it appears in many cases, it's not covered. It's similar to if your car was to be stolen out of your garage. The car insurance policy would generally cover that (if you have theft coverage), but not the homeowner's policy.
It is the same concept for your auto policy. If you have your dirt bike in a trailer or moto van, auto policies generally cover the vehicle itself, not what's inside. Again, this is something you're going to want to talk to your agent about, because every policy is different.
WHAT HAPPENS IF MY DIRT BIKE IS STOLEN AND I HAVE COVERAGE?
If you are a victim of dirt bike theft, you're going to be thankful that you had theft insurance on that bike. When you set up your policy, the insurance company is going to ask you the Retail Value of the dirt bike. Now, ask your agent if this is how they determine replacement value, since there may not be an accurate way to value the bike. Be sure you understand how the insurance company is going to determine value in the event of theft. In my experience, KBB and Nada Guides both are not accurate at valuing dirt bikes, so check with your insurance agent prior to purchasing a policy to make sure you understand the terms.
Dirt bikes are a prime target for thieves trying to make a quick buck. They can be stripped down and sold for parts relatively quick. And in most cases, with only two identifying marks on the bike (VIN # and Engine #), it can be parted out without a trace in no time. Motorcycles in general are one thing, but dirt bikes are super easy to steal. No key, no alarm, no nothing. You can roll them away in a matter of seconds and it only takes a few guys to pick a dirt bike up out of a truck bed be off with it.
So protect your investment as best you can. Getting a theft insurance policy on your dirt bikes is inexpensive and will save you in the event of a loss.
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