Bike Insurance
#1
Just Keep Pedaling
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Bike Insurance
Looking into this now thanks to my current situation. Anyone have? Spoke Bike Insurance is one company I have found.
#2
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Homeowners insurance may cover for bike damage, but deductibles can be the problem. IIRC, you can get a rider on homeowners/renters insurance to cover the full loss on bicycles that are damaged or stolen. You might ask you agent about it. Heck, I should ask mine.
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Been trying to get a special rider from State Farm, as I have more than the regular home owners covers. I know it will require quite a bit of documentation: serial numbers, models, descriptions, etc. Certainly not a big deal if you only have a couple of bikes.
#4
Just Keep Pedaling
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I called SF already. Bike not covered unless stolen....not crash damage. Read up and it appears SF does not cover bikes in the same way they cover motor vehicles.
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#7
Just Keep Pedaling
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I have State Farm. Already called them to see if covered under homeowners...it is covered IF STOLEN.....NOT COVERED in the case of damage due to crash. Hence looking at alternatives so when I get the new frame or new bike, I can ride it knowing if something happens again, I am not talking about putting out for damn near the full price of a new bike.
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I had All State in CA - my bike was stolen form the garage. The guy called asked me what components were on it and they sent me a cheque for $3000!!!! Zero hassle. I had to spend the $ on a bike though - all of it. I wasnt really into biking at the time (8 yrs ago) and the stolen bike was a gift from my brothers store he worked at. They gave him two bikes for a couple of hundred bucks a piece as long as he'd ride them (and I was to ride one too). We lived in the UK and "Brave" cycles was trying to get a foothold in the MTB arena.
https://mombat.org/MOMBAT/Bikes/1989_Brave_Warrior.html (but mine had campag!)
I had no idea what I had
https://mombat.org/MOMBAT/Bikes/1989_Brave_Warrior.html (but mine had campag!)
I had no idea what I had
#10
Just Keep Pedaling
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Cost of repair (including repair, tear down, shipping of frame and rebuild) and lack of warrant on frame overall from Trek and only warranty on repair from repair place. Bike is too knew to be w/o warranty on frame for possible defects. If it were to fail unrelated to current issue, There would be no recourse thru Trek.
#11
Just Keep Pedaling
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I had All State in CA - my bike was stolen form the garage. The guy called asked me what components were on it and they sent me a cheque for $3000!!!! Zero hassle. I had to spend the $ on a bike though - all of it. I wasnt really into biking at the time (8 yrs ago) and the stolen bike was a gift from my brothers store he worked at. They gave him two bikes for a couple of hundred bucks a piece as long as he'd ride them (and I was to ride one too). We lived in the UK and "Brave" cycles was trying to get a foothold in the MTB arena.
https://mombat.org/MOMBAT/Bikes/1989_Brave_Warrior.html (but mine had campag!)
I had no idea what I had
https://mombat.org/MOMBAT/Bikes/1989_Brave_Warrior.html (but mine had campag!)
I had no idea what I had
My issue is I want coverage for damage in case of accident such as I am currently dealing with.
#12
Junior Member
I added a rider to our home owners insurance to cover all hazards for our Madones. Cost about $5/month/bike bought on an annual basis. Insurance company is the home Owners side of Auto Owners Insurance.
P2
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#13
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Where are you finding bike insurance? I contacted my insurance agent and he told me that my bikes were covered against theft, but he then added "but the last thing you want is a theft claim on your homeowners insurnance" as it can result in a bump in your premium for up to 10 years. I figured it out based on his estimates and even if I lost both bikes and they paid me full replacement, I'd be down about $200 by the end of the 10 years. I asked about getting a bike specific rider on the policy and my company will cover firearms, duck boats, jewelry, and golf clubs, but specifically excludes bicycles. I checked with several other companies and the only one I found that offered bicycle coverage wanted $10 per year / per $100 of the current value of the bike and would only cover actual value, not replacement costs, and would not cover upgrades that I did myself. All upgrades had to be done by a dealer with documentation to prove that the parts purchased were actually installed on the bike. Again I'm back to a position where I should just assume I'm going to lose one bike every 10 years and budget that way rather than paying for insurnace.
So, if you get a bike stolen check carefully with your agent before filing a claim. Some policies might bump your rate after the claim, so make sure it is in your best interest to file one. Sucks, but it is apparently legal and common practice.
So, if you get a bike stolen check carefully with your agent before filing a claim. Some policies might bump your rate after the claim, so make sure it is in your best interest to file one. Sucks, but it is apparently legal and common practice.
#14
Just Keep Pedaling
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https://www.spokeinsurance.com/html/s...ce_contact.php
I mentioned the company in my original post. Again, I am looking specifically for coverage in case of damage to bike.
I mentioned the company in my original post. Again, I am looking specifically for coverage in case of damage to bike.
#15
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This what I have costing me about $55 a year for the bikes (3) and $30 for our computers. The key here is to specify "all hazard" coverage.
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My preferred bicycle brand is.......WORKSMAN CYCLES
I dislike clipless pedals on any city bike since I feel they are unsafe.
Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?
My preferred bicycle brand is.......WORKSMAN CYCLES
I dislike clipless pedals on any city bike since I feel they are unsafe.
Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?
#16
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Daft policy. Even if the upgrade is done by a dealer there's nothing to stop you upgrading your Sora parts to Ultegra, getting the receipt, then going home and putting the Sora parts back on.
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#17
Just Keep Pedaling
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Update: I just spoke to my State Farm office and they do not have any such riders that cover a bicycle in the manner I am seeking (I want it covered for replacement or repair if I choose in the case of an accident). So will most likely go with Spoke Bicycle Insurance.
Of course, once I am covered, I probably won't need it.
Of course, once I am covered, I probably won't need it.
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In case of accident that is not your fault, the party that caused the damage must pay.
In case of theft, some homeowner policies cover it, possibly with a deductable over original cost.
In case of theft, some homeowner policies cover it, possibly with a deductable over original cost.
#19
Just Keep Pedaling
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Sure if someone else causes the accident they should be responsible and should be made to pay for repair/replacment costs HOWEVER what if they are uninsured? That is a gray area from what I have read.
I am seeking to be covered in the event my bike is damaged and not by someone else...as I recently fell/crashed w/o anyone else's involvement and thus I am the sole responsible party. Homeowners does not cover damage to the bike. The cost to replace/repair falls to me completely. So having bought my bike less than 60 days ago...and paying about $1800 for it...I am having to pay another $1200 for a replacement frame out of pocket.
Since there is risk in riding and something could cause me to go down and damage my frame despite my best efforts for that not to happen....I want coverage so I am not forking out another $1200 out my pocket.
So I did some searching and found Spoke Bicycle Insurance and I can cover my bike for DAMAGE only if I choose. They also offer liability and roadside assistance. I don't need those tho I might consider the liability one to protect my home/property just in case.
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SNIP...
So I did some searching and found Spoke Bicycle Insurance and I can cover my bike for DAMAGE only if I choose. They also offer liability and roadside assistance. I don't need those tho I might consider the liability one to protect my home/property just in case.
So I did some searching and found Spoke Bicycle Insurance and I can cover my bike for DAMAGE only if I choose. They also offer liability and roadside assistance. I don't need those tho I might consider the liability one to protect my home/property just in case.
#21
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As has been said in the thread: My homeowners covers theft. I'm covered in the event of theft.
Sure if someone else causes the accident they should be responsible and should be made to pay for repair/replacment costs HOWEVER what if they are uninsured? That is a gray area from what I have read.
Sure if someone else causes the accident they should be responsible and should be made to pay for repair/replacment costs HOWEVER what if they are uninsured? That is a gray area from what I have read.
I am seeking to be covered in the event my bike is damaged and not by someone else...as I recently fell/crashed w/o anyone else's involvement and thus I am the sole responsible party. Homeowners does not cover damage to the bike. The cost to replace/repair falls to me completely. So having bought my bike less than 60 days ago...and paying about $1800 for it...I am having to pay another $1200 for a replacement frame out of pocket.
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https://www.spokeinsurance.com/html/s...ce_contact.php
I mentioned the company in my original post. Again, I am looking specifically for coverage in case of damage to bike.
I mentioned the company in my original post. Again, I am looking specifically for coverage in case of damage to bike.
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