I purchased this policy close to a year ago, so I will have to look up the details exactly when I get home from work. But if I remember correctly, I purchased the $100 deductible, and I would be paid the Blue Book value + a percentage of $1,000 of extras on the bike - the deductable. Again I will have to confirm that when I get home. One other thing I forgot to mention, was that I also qualified for another discount since I have my car insurance with them. So that is 2 discounts on the policy, one for being an AMA member and one for having two policies with Progressive.