Do I still pay my loan if my motorcycle is stolen?

Yes. The loan and the motorcycle are two separate obligations — the thief took your bike, not your debt. You owe the lender every payment until the balance is cleared, whether or not the bike is ever seen again.

Here's how it typically plays out with insurance:

• Your comprehensive claim pays actual cash value minus your deductible.
• Because there's a lien, the lender gets paid first from that settlement.
• If the payout covers the balance, the loan closes and any remainder comes to you.
• If the payout is less than what you owe — common with small down payments, long terms, or fast depreciation — you still owe the difference out of pocket. This shortfall is exactly what gap insurance exists for.

Two mistakes to avoid: don't stop making payments while the claim processes — the weeks-long claim timeline is long enough to damage your credit — and don't assume the insurance number will match the loan number. Call your lender early, tell them a claim is in progress, and ask for your exact payoff amount so there are no surprises when the settlement lands.

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A lock slows a thief down. This tells you exactly where your bike is.

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the Stealth magnetic GPS tracker