What happens if your bike is stolen?

The moment you come to know about the theft, you should go to a police station and register an FIR. Remember, this step is a must. Next thing after filing an FIR is to inform your bike insurance provider about the theft. The insurer has its own set of formalities and processes that need to be followed during a claim.

How do I report my bicycle stolen?

Report your stolen bike

1. Call 101 to report a stolen bike.
2. In an emergency, always dial 999.

Does insurance cover stolen motorcycles?

A: Your motorcycle policy can cover theft — so long as you comprehensive coverage in place. Comprehensive coverage covers losses caused by things other than a collision with a vehicle or stationary object. This can include theft as well as fire, vandalism, falling objects, hail and damage caused by animals.

Why are bikes stolen so often?

Another reason theft is so prevalent is that locks haven’t kept pace with the times. The ones that do work can be so expensive or so heavy that they actually deter people from riding in the first place. GPS trackers can locate a stolen bike, but do nothing to stop thieves who only want to strip its parts.

How can I track my stolen bike?

Here are some quick and easy tips to track it down:

1. Report your bike stolen to the police.
2. Call local bike shops.
3. Visit local markets and impound yards for stolen bikes.
4. Register your bike as stolen on bike recovery sites.
5. Search online marketplaces.
6. Inform your insurance company.
7. Spread the word.
8. Conclusion.

What should you do if someone steals your bike?

Call the police or get a passerby to call police while detaining the thief. Its often found that the person is a serial offender and will have stolen many other bikes so by detaining them you could be helping solve many crimes as well as giving the opportunity for bikes to be returned to their rightful owners.

Where do thieves sell stolen bicycles?

Check ebay, Gumtree, craigslist. Check out the listings on ebay, Gumtree and craigslist. Thieves will often try to sell stolen bikes through these sites.

How many stolen motorcycles are recovered?

On the flip side of motorcycle thefts is the high rate of theft recoveries. Of the 40,830 motorcycles stolen in 2019, 18,857 had been recovered, a recovery rate of 46 percent. While motorcycle thefts are on the decline, owners must remain vigilant and take steps to prevent their motorbikes from being stolen.

How often are bicycles stolen?

Regularly, more than 2 million bikes are stolen each year in North America—meaning every 30 seconds, someone’s ride was going missing. And the problem has only been growing during the coronavirus pandemic, when more people have turned to bicycles as their main mode of transportation.

How to contact your insurance company if your motorcycle is stolen?

Contact your insurance company, and have the following information with you: 1 Year, make, and model of your motorcycle 2 The mileage 3 The location it was stolen from 4 The date and time it was stolen 5 The police report number

What’s the recovery rate for a stolen motorcycle?

According to the NICB, the recovery rate of motorcycles was 44% in 2018, whereas cars were located 59% percent of the time. 2  3  The first step in the recovery process is to contact the police and report your motorcycle as stolen.

What happens if a motorcycle theft goes unrecovered?

If your motorcycle theft claim turns into a total loss claim, meaning the bike goes unrecovered, the deductible will be subtracted from the payoff amount. You will not need to pay the deductible to the insurance company physically.

When is the highest number of motorcycle thefts?

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.

Contact your insurance company, and have the following information with you: 1 Year, make, and model of your motorcycle 2 The mileage 3 The location it was stolen from 4 The date and time it was stolen 5 The police report number

How can I find out if my bike has been stolen?

Likely these are stolen bikes that have been abandoned for one reason or another. We recommend that you check the national public registries for posted stolen bikes. Just go to www.project529.com and run a search. If an owner is found, feel free to message the owner and they can pick it up.

How long does it take to recover a stolen motorcycle?

Theft claims can take time to process, and the insurance company is likely hopeful that police will recover your stolen bike. Ask the claims rep how long you should expect the process to take. They should regularly update you on the status of your claim. 8 

Can a stolen bike be returned to its rightful owner?

The Police Bureau takes reports on stolen bikes, but without any means of identification (such as serial number), it can be difficult to have probable cause to seize a stolen bike as well as return recovered bikes to their rightful owners. The PPB Property Room has hundreds of bikes that are not able to be returned.