Get compensation in case of motorcycle theft

To maximize your chances of getting compensate in case of motorcycle theftyou must be well insured. But you should also be well informed about her attention to the terms of your insurance contract when you take the necessary steps.

What conditions and procedures must be compensated in case your motorcycle is stolen? In this article, you will learn everything you need to know about motorcycle theft compensation. 

Insurance eligibility for compensation in the event of motorcycle theft

As with cars, liability insurance for your two-wheeled vehicle is compulsory. This makes it possible to insure him against damage that may be caused to third parties in the event of an accident or otherwise. And subsequently, in order not to pay the pockets of the insured for any necessary medical assistance or mechanical repairs.

However, liability insurance does not allow any compensation to be claimed in the event of motorcycle theft. To take advantage of this, they must sign up for an Anti-Theft Guarantee, insurance that entitles them to some compensation in the event that their two-wheelers are stolen. Indeed, thefts are frequent in urban areas, on public roads and especially at night. Stolen motorcycles, despite their anti-theft devices, are rare.

Compensation conditions for motorcycle theft

An anti-theft guarantee is not enough to claim compensation if two wheels are ever stolen from you. For this to be possible, some insurance companies require you to equip your mount with an alarm or an approved anti-theft device. In order to be recognized, it must comply with applicable French standards or standards for the safety and repair of vehicles.

Insurers can also request this that you keep your motorcycle in an enclosed parking lot at night or when you are not using it. Failure to follow these rules could void your right to compensation in the event of theft. Therefore, you should carefully read the terms of your theft insurance contract before signing it, at the risk of losing the opportunity to receive any compensation, if applicable.

How do I get compensation in the event of a motorcycle theft?

In order to receive compensation in the event of motorcycle theft, you must first provide proof that it was theft. After that, you need to quickly take the necessary steps.

Provide irrefutable evidence in the event of theft

First, collect all evidence of loss by taking a photo of breaking into a garage door or the wreckage of your motorcycle. Also take a photo of your damaged lock and include its invoice in your compensation claim file. Indeed, insurers often ask for specific proof before paying you compensation.

They are willing to refuse any means, especially if you are unlucky enough to leave your keys in the ignition or become a victim of a breach of trust. This often happens when a potential buyer tries out your motorcycle, but they run away from it.

Take the necessary steps in time

If a scooter or motorcycle is stolen from you, taking the necessary measures correctly and in time will also guarantee you good compensation.

Make a complaint

File a complaint with the nearest police or gendarmerie within 24 hours of detecting theft of your motorcycle. This not only increases your chances of finding your two-wheeled vehicle quickly, but also saves you liability for accidents or other traffic violations committed by a thief.

Tell your insurer

After filing a complaint, also report the loss to the insurer by phone. Then send him your statement of theft, including a photocopy of his receipt, by certified mail within 48 hours. Thus, this professional will not be able to punish you by terminating the insurance contract or increasing the insurance premium.

Various types of compensation

Depending on the case, you must receive compensation within 30 days of reporting the theft. The amount of this compensation will depend on market value on the day your motorcycle was stolen, is determined by an authorized expert. If your 2 wheels are found, you will be compensated for restoration and repair costs if there is. However, if you have already received full compensation, you can return your motorcycle and reimburse the insurer or keep the money for yourself. Thus, you transfer your car to the insurance company.