Agreed Value & Total Loss
Locks in a settlement amount up front so an expensive adventure bike pays out at its real value — not a depreciated actual-cash-value figure — if it's totaled or stolen.
What's Covered
Included in this coverage
- A settlement amount agreed and locked in when the policy is written
- Protection against steep first-year depreciation on new bikes
- Full value for premium and limited-availability adventure bikes
- No depreciation haggling at claim time after a total loss or theft
- Pairs with accessory coverage for a complete made-whole settlement
Most insurance pays claims on an actual cash value (ACV) basis, meaning the carrier reimburses you for what your bike is worth today after depreciation — not what you paid or what it would cost to replace. For a fast-depreciating new adventure bike, that gap can be brutal: a $20,000 machine can shed 20 to 30 percent of its value in the first year alone, so a total loss might pay out thousands less than you expect.
Agreed value coverage solves this by setting the payout amount when you write the policy. You and the carrier agree on your bike's value up front, and if it's totaled or stolen you receive that agreed figure — no haggling over depreciation, no surprise lowball settlement at the worst possible moment. For premium and heavily built adventure bikes, it's the difference between being made whole and being shortchanged.
Agreed value pairs naturally with accessory coverage. Together they ensure that both your machine and the thousands of dollars in farkles bolted to it are reflected in your settlement. We help you document the bike's value, set an agreed amount that holds up, and revisit it periodically so your coverage tracks the real-world value of your adventure bike over time.
Common Questions
Agreed Value & Total Loss FAQ
What's the difference between agreed value and actual cash value?
Actual cash value pays what your bike is worth today after depreciation, which can be far less than you paid. Agreed value sets the payout amount when the policy is written, so a total loss pays the figure you and the carrier agreed on — no depreciation surprises.
Is agreed value worth it for an adventure bike?
For expensive, new, or heavily built bikes, almost always. Adventure bikes can lose 20 to 30 percent of their value in the first year, so agreed value protects you from a settlement that's thousands below replacement cost.
Does agreed value include my accessories?
Agreed value covers the bike at the agreed figure; your aftermarket parts are best protected by pairing it with accessory coverage. Together they ensure both the machine and your farkles are reflected in a total-loss settlement.
Ready to Add Agreed Value & Total Loss?
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