The possibility of your bike getting stolen is never an encouraging thought. Nevertheless, bike theft is a rampant occurrence, and it can happen to anyone even if they take significant precautions. Motorbikes are easy to steal, especially for professional thieves.

Do You Have Coverage for Theft of Your Bike?

If you are in the UK, your insurance plan should generally include coverage for theft of your bike. You can go through your documents, whether on paper or online, to find out if you have this type of coverage. Alternatively, you can contact your insurance provider and verify if they provide coverage for bike theft. Even with such coverage, it is still your responsibility to ensure that your bike is less susceptible to theft.

When Should You Contact Your Insurance Provider?

You should call your provider as soon as possible when you realize that your bike has been stolen. Delaying the call might compromise your claim if your insurer starts to doubt the authenticity of your story. Your insurer might think you were the cause of your bike’s loss, and you’re looking for some insurance money to cover it up.

Dealing with the Emotional Aspect of Having Your Bike Stolen

While it is natural to be distressed after your bike has been stolen, you need to focus on following the right procedure rather than giving in to emotions. It is imperative to report your claim right away since claim processing can take weeks or even months.

Can You Apply for Replacement of Your Bike with Insurance?

Before applying for a replacement, you need to establish if your policy provides such coverage. If you took full liability insurance, there is a higher chance that you are covered against theft. Your insurance provider should compensate you the full amount for the loss of your bike. However, the actual amount will depend on the terms of your policy, so it is important to understand them first.

What Is the Claims Process for Reporting a Stolen Motorbike?

It is essential that you report the claim immediately, as most insurance providers have a limited time frame for considering review claims. Here are the crucial steps to follow when reporting the claim:

• File a police report immediately you know your bike is stolen

• File a claim with your motorbike insurance provider. Provide them with the police report file number and any other details they require.

• Find out whether you are eligible for a rental vehicle as you wait for your insurance claim to process. You must follow your insurer’s specifications to be qualified.

• Check in with your insurer weekly to find out the status of your claim.

What Kind of Compensation Can You Get for Your Stolen Motorcycle?

Your insurance policy determines the amount of compensation you will receive after a successful claim process. You can ask your insurer to provide an estimate while the claim is underway. Ensure that you also submit all the documentation requested by your insurance provider to increase your chances of a successful claim.