Physical damage options

Different settlement types for Comprehensive and Collision coverages may be available depending on your vehicle's characteristics.

Actual Cash Value is the value for the vehicle at the time of loss, less depreciation. This is the only option available for ATV coverage.

Agreed Value "locks" in the value of your motorcycle at an agreed price, with the exception of depreciation of tires, batteries, and engine parts. In the event of a total loss, we will pay the agreed value if we can not replace the motorcycle with like kind and quality. An appraisal and photographs must be forwarded to us for review before this coverage will be added to a new or existing policy. If this option is not displayed, it is not available for your vehicle.

Replacement Cost is available for vehicles between the current model year and the third preceding model. If, at the time of total loss, you choose to replace the vehicle we will pay the cost of a new motorcycle that is, to the extent possible, the same make, class, size, and type, and which contains comparable equipment to the insured motorcycle. If this option is not displayed, it is not available for your vehicle.

*As with any insurance contract, your coverage may be subject to policy limitations and exclusions as described in the policy documents. If you would like more explanation or need assistance, please contact one of our Insurance Specialists at 1-800-236-2453.