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Thread: Bike Insurance

  1. #1
    Junior Member othonleon's Avatar
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    Bike Insurance

    Is it possible to get a bicycle insured? Against damages, accidents? Theft?

    Many thanks,

  2. #2
    Lurking
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    I am not sure how it works in Canada, but in the States the bike is covered under your Homeowner's or Renter's Insurance Policy. BTW - was in Montreal last November for work, nice City.

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    Actually, my bike (recumbent trike, actually) isn't covered under my homeowner's policy, at least for theft; the insurance company would require me to get a rider on my policy to cover it. The rider worked out to about 10% of the original cost per year; I decided that I'll just have to hope I can go 10 years without having it stolen.
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  4. #4
    Conquer Cancer rider Boudicca's Avatar
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    Same deal in Canada. You can get insurance, but it costs a lot. My homeowners covers a bike of up to $1k, and I can up that with extra payments.
    Zero gallons to the mile

  5. #5
    Senior Member jdon's Avatar
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    Quote Originally Posted by Boudicca View Post
    Same deal in Canada. You can get insurance, but it costs a lot. My homeowners covers a bike of up to $1k, and I can up that with extra payments.
    I guess it depends on coverage and carrier. Mine is covered for theft from home, riding, traveling etc by the homeowners policy to a value of 10k. Beyond that, it needs a rider. No crash coverage.

  6. #6
    I need speed AzTallRider's Avatar
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    When I got my USAC racing license, shortly thereafter I received an email advertising bike insurance, covering just about anything you can think of, including race crash damage. IIRC, it was $200-300/year.
    "If you're riding less than 18 MPH up a 2% grade please tell people Coggan is coaching you."

  7. #7
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    Quote Originally Posted by jdon View Post
    I guess it depends on coverage and carrier. Mine is covered for theft from home, riding, traveling etc by the homeowners policy to a value of 10k. Beyond that, it needs a rider. No crash coverage.
    You mean no dmage coverage from a crash? Or, no liability coverage from a crash?
    It is better to smell the flowers than taste the roots.

  8. #8
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    My car insurance company State farm does allow prurchasing a rider for any dollar amount covering bike theft from an auto. I have a blanket liability policy that covers everything including cycling. Not sure how much my home owners covers.

    Al

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