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Jul25
NICB Releases 2005 List Of Top States For Motorcycle Theft
I had no idea there were so many motorcycles in this country.  In 2005 alone 70,613 motorcycles were stolen according to a press release on the National Insurance Crime Bureau (NICB) website.  Those stolen motorcycles add up to a whopping $434 million in losses to motorcycle owners and the insurance industry.

Not so surprising was California leading the charge in first place with 9,110 motorcycles stolen beating out second place Florida by almost three thousand.  If you are a motorcycle owner I’m sure you already know much money is spent on specialized frames, high performance engines and exhaust systems.  Considering the recovery rate is between 25-30% precautionary measures could be a great idea.


If you own a motorcycle or plan on purchasing one then consider these tips from NICB:


  • Be wary of used cycles titled or registered as an "assembled vehicle." If possible, have your insurer inspect the cycle prior to purchasing it.
  • Verify that a previously driven cycle titled and registered as a popular brand name is not an assembled clone made from aftermarket components.
  • Look closely at used cycles for a title history that reveals numerous manufacturers' statements of origin for major component parts.
  • Watch for cycles alleged to be "all custom." They could be assembled from stolen or altered aftermarket parts, especially chrome components.
  • Be wary of cycles or major component parts that were allegedly acquired at a "swap meet."
  • Obtain an expert appraisal and/or insurance policy pre-inspection before purchasing and insuring a used cycle.

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