Customized Motorcycle Insurance

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Your bike is an extension of your personality — that's one reason why you customize it. To ensure that customizations you make to your bike are covered, the following Customized Motorcycle program features are offered with a Progressive Motorcycle insurance policy.

Custom Parts and Equipment (CPE)/Accessory Coverage

In most states, at least $1,000 of free Custom Parts and Equipment (CPE)/Accessory coverage is included with Comprehensive or Collision coverage on motorcycles less than 25 years old that are listed with resale values in the NADA Appraisal Guide.

Up to $30,000 of Additional Custom Parts and Equipment (ACPE)/Accessory coverage can be purchased for motorcycles less than 25 years old that are listed with resale values in the NADA Appraisal Guide. Models from most major manufacturers (Honda, Harley-Davidson, Yamaha, Kawasaki, BMW, Suzuki, Aprilia, Polaris, Arctic Cat, etc.) fall into this category. Bikes in this category are eligible for Actual Cash Value Physical Damage coverage and Purchase Price/Replacement coverage on CPE, up to the limit purchased.

Motorcycles less than 25 years old whose manufacturers are listed in NADA but whose resale values are not listed are eligible for up to $50,000 in Agreed Value Physical Damage coverage and CPE coverage. Itemized receipts and an underwriting inspection are required for this coverage.

Motorcycles assembled from a kit or individual parts and motorcycles whose manufacturers are not listed in NADA are eligible for Liability coverage only.

Comprehensive and Collision Coverage

Comprehensive and Collision coverages are available on most motorcycles and all ATVs.

Motorcycles less than 25 years old whose manufacturers are listed in NADA but whose resale values are not listed are eligible for up to $50,000 in Agreed Value coverage and CPE coverage. Itemized receipts and an underwriting inspection are required for this coverage.

Motorcycles that are not eligible for Comprehensive and Collision coverage include the following:

  • Kit/homemade, non-factory built or composite
  • State-assigned VIN
  • Rebuilt or retitled
  • Original frame has been replaced
  • Manufacturer not listed in NADA Appraisal Guide

Loss Settlement Options

With a Progressive Motorcycle policy, motorcycle/ATV total losses are settled using two methods: actual cash value (ACV) and agreed value.

Actual Cash Value (ACV)

The actual cash value (ACV) option for motorcycles means the lower of the following will be used to settle a total loss:

  • The amount necessary to repair or replace a stolen or damaged motorcycle to its pre-loss condition, reduced by the applicable deductible.
  • The ACV of the motorcycle at the time of loss, reduced by the applicable deductible, and by its salvage value if the insured opts to retain ownership of the motorcycle.

    For example, if the ACV of your motorcycle is $12,000 when it is totaled in an accident, your Collision deductible is $500, and the salvage value of your bike is $6,000, your payout amount from the insurance company would be $5,500.

This settlement method applies to:

  • Motorcycles and ATVs with a resale value listed in the NADA Appraisal Guide.

Agreed Value

The agreed value option for motorcycles means the lower of the following will be used to settle a total loss:

  • The amount necessary to repair or replace the stolen or damaged property to its pre-loss condition, reduced by the applicable deductible.
  • The agreed value shown on the Declarations page, reduced by its salvage value if you retain ownership of the motorcycle. No deductible applies in the event of a total loss.

The agreed value, which you provide and the insurance company confirms, is the market value of the motorcycle at the time of application, including the market value of all custom parts and equipment. The agreed value should be updated on your policy whenever changes are made to your motorcycle.

The following items must be insured with the agreed value settlement option:

  • Motorcycles whose manufacturers are listed but have no resale values listed in the NADA Appraisal Guide.
  • Motorcycles 25 years old and older.

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