Insurance company to use for fire/theft.

tzmike
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Warwick, NY US
tzmike
I had my 1980 kx125 stolen in '82. I learned that homeowners insurance doesn't cover motorcycles. Poof.

Restored my 07 CR250R to SHOWROOM. Sat in dry storage totally out of sight and buried deep for a year. Come home from a 3 day visit to the son........ POOF----- GONE. Again no insurance.

Can you guys hook me up with a company that will cover fire/theft and actual value of my bikes ? I have a DRZ 110 that is total BBR, Joker and Tokyo Mods and it sure as hell is worth more than 1500 bucks and want coverage to get the value should I be a 3 strike theft victim.
Happy New Year
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MX47
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MX47 1/1/2021 6:33am
1/1/2021 6:33am Edited Date/Time 1/1/2021 6:39am
You must be sure you have Comprehensive Insurance.
I found the least expensive to be Markel Insurance.
Got both my KTM 450's insured for theft etc. for $174 ($250 deductible each) total for both. This was for replacement cost not current worth. You can also put extra insurance on for expensive forks, pipe etc. for a little more.
Cheapest I could find in the other companies was over $300 and coverage wasn't as good.

Apparently Markel is a very large company they just don't advertise as much as others.
2
MX47
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MX47 1/1/2021 6:37am
1/1/2021 6:37am
As a bonus I just traded my 2018 in for a 2021. Called them up and got a very nice lady on the phone immediately. Changed the coverage from the 2018 to the 2021 gave her the VIN #'s and the premium increase was $1, which they didn't charge me because they don't send invoices out for $1 or less.

The whole thing took about 5 minutes.
1
roy238
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Rochester, IN US
roy238 1/1/2021 6:47am
1/1/2021 6:47am
State farm is who I use.
2019 yz 450 $14mo
2020 kx 450 $17mo
MX47
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MX47 1/1/2021 6:55am
1/1/2021 6:55am
roy238 wrote:
State farm is who I use.
2019 yz 450 $14mo
2020 kx 450 $17mo
Make sure you have comprehensive.
I had cheap State Farm Insurance like that for a year. When I got a new bike went in to change it over and found out that Comprehensive (theft, fire, etc.) was not included for that price. Had to spend a bunch more to get it.

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cwel11
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cwel11 1/1/2021 7:05am
1/1/2021 7:05am
+2 for State Farm and yes it is full coverage.
1
sandman768
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Saratoga Springs, NY US
sandman768 1/1/2021 7:06am
1/1/2021 7:06am
Try whoever you currently have for auto or homeowners coverage, a lot of companies will only write that coverage if you have current policies with them.
4DAIVIPAI2K5
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4DAIVIPAI2K5 1/1/2021 7:13am
1/1/2021 7:13am
I have American national. My agent is fantastic. I don't know my prices from the top of my head, but she covers 3 bikes, toy hauler, enclosed. She worked hard to get coverage on our cobra 50's with their stupid small Vin numbers.
I don't know if she operate outside of Ohio.
Parker Insurance
3304475745

She also sponsors my sons racing.
1
Huey497
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Marion, IA US
Huey497 1/1/2021 7:13am
1/1/2021 7:13am
I just recently moved all my insurance to State Farm as well.
baker_25_ccso 1/1/2021 7:56am
1/1/2021 7:56am Edited Date/Time 1/1/2021 8:00am
Progressive gave me great rates for my WR 450 and golf cart. I got coverage for replacement, not current value. It was like 224.00 bucks a year for 15,000 of coverage. 250 deductible
brogge
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brogge 1/1/2021 8:32am
1/1/2021 8:32am
I've been with Progressive for 20 years. My current policy is $201.74 per year, covering 2002 DRZ400S, 2008 YZ450, 2019 CRF450.

The DRZ is street legal so I need liability and I carry 100/300/50.

Full comprehensive on everything, covers replacement value with additional $3000 accessory coverage per bike and $500 deductible. So far no claims (knock on wood).
tzmike
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tzmike 1/1/2021 12:35pm
1/1/2021 12:35pm
Thank you. Thank you all. You guys are the best.
I do have State Farm for home coverage so I will start with them.
All your provided info is a lifesaver to me and I truly appreciate your feedback.
Happy New Year all and hoping better days are not that far off.
PS: here's hoping that we all can at the very least attend the outdoor races.... SX, I guess that's a state by state issue.
1
Blackie59
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Blackie59 1/1/2021 5:41pm
1/1/2021 5:41pm
I just insured three bikes with All State in Texas for comprehensive and liability, no racing, for $300 a year total.
harescrambled
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harescrambled 1/1/2021 6:06pm
1/1/2021 6:06pm
MX47 wrote:
You must be sure you have Comprehensive Insurance. I found the least expensive to be Markel Insurance. Got both my KTM 450's insured for theft etc...
You must be sure you have Comprehensive Insurance.
I found the least expensive to be Markel Insurance.
Got both my KTM 450's insured for theft etc. for $174 ($250 deductible each) total for both. This was for replacement cost not current worth. You can also put extra insurance on for expensive forks, pipe etc. for a little more.
Cheapest I could find in the other companies was over $300 and coverage wasn't as good.

Apparently Markel is a very large company they just don't advertise as much as others.
Markel is a billion dollar company
captmoto
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captmoto 1/1/2021 8:01pm
1/1/2021 8:01pm
Could not get covered by Geico because my bikes vin comes up as a competition machine. With a California title, it's covered like a car through State Farm. It's not part of a comp or theft policy.
TheGetFresh
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TheGetFresh 1/2/2021 9:18am
1/2/2021 9:18am
I’ve got mine through Geico. I’m not sure its the best for dirtbikes, but I’ve got 2 streetbikes and they put them on a single policy and it’s a good value and good coverage, plus the phone reps are very good to work with and I’ve never had issues with hold times.

As for comprehensive coverage only, you might consider adding collision. Obviously, crashing a dirt bike on a track or trails isn’t going to be applicable, but I was informed that transportation damage counts as collision even if you aren’t riding the bike. If the bike bounces out of your truck at 80mph on the freeway, or your trailer decouples and flies off a cliff, or you simply crash while getting your bike to where you want to ride it, the comprehensive portion won’t help. Check with the insurer about their coverage because you can completely destroy a bike in a tansport accident.
Huey497
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Huey497 1/2/2021 10:05am
1/2/2021 10:05am
TheGetFresh wrote:
I’ve got mine through Geico. I’m not sure its the best for dirtbikes, but I’ve got 2 streetbikes and they put them on a single policy...
I’ve got mine through Geico. I’m not sure its the best for dirtbikes, but I’ve got 2 streetbikes and they put them on a single policy and it’s a good value and good coverage, plus the phone reps are very good to work with and I’ve never had issues with hold times.

As for comprehensive coverage only, you might consider adding collision. Obviously, crashing a dirt bike on a track or trails isn’t going to be applicable, but I was informed that transportation damage counts as collision even if you aren’t riding the bike. If the bike bounces out of your truck at 80mph on the freeway, or your trailer decouples and flies off a cliff, or you simply crash while getting your bike to where you want to ride it, the comprehensive portion won’t help. Check with the insurer about their coverage because you can completely destroy a bike in a tansport accident.
I have 5 bikes on my State Farm policy and it was only $9 more per month to add collision coverage. I wanted to make sure I was covered for exactly these scenarios. Cheap peace of mind.

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