Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Living Car Free Do you live car free or car light? Do you prefer to use alternative transportation (bicycles, walking, other human-powered or public transportation) for everyday activities whenever possible? Discuss your lifestyle here.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 04-25-08, 09:17 AM   #1
jdcii
Can you donate today?
Thread Starter
 
jdcii's Avatar
 
Join Date: Jun 2007
Location: Northeastern, Ohio
Bikes: Not enough
Posts: 79
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Bike insurance

Is there such a thing as bike insurance? If you are riding your bicycle and you are involved in an accident, let's say it's your fault, is there insurance for something like that? How about if your bike is stolen? Have you ever heard of such a thing?
jdcii is offline   Reply With Quote
Old 04-25-08, 09:29 AM   #2
Tom Stormcrowe
Out fishing with Annie on his lap, a cigar in one hand and a ginger ale in the other, watching the sunset.
 
Tom Stormcrowe's Avatar
 
Join Date: Mar 2006
Location: South Florida
Bikes: Techna Wheelchair and a Sun EZ 3 Recumbent Trike
Posts: 16,120
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Homeowners policy, I believe, or perhaps renters insurance in certain conditions.
__________________
. “He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you.”- Fredrick Nietzsche

"We can judge the heart of a man by his treatment of animals." - Immanuel Kant
Tom Stormcrowe is offline   Reply With Quote
Old 04-25-08, 09:32 AM   #3
Newspaperguy
Senior Member
 
Newspaperguy's Avatar
 
Join Date: Aug 2007
Location: British Columbia, Canada
Bikes:
Posts: 2,206
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Talk with an insurance agent. You can get bicycle theft insurance, but I'm not sure if it's worth getting unless your bike is very pricey. Your bike should also be covered under your home insurance, but once again, claiming on a stolen bike might not be a great idea. Your home insurance is best used for those things you can't afford, not for the ones you can.
Newspaperguy is offline   Reply With Quote
Old 04-25-08, 09:34 AM   #4
wahoonc
Senior Member
 
wahoonc's Avatar
 
Join Date: Jan 2005
Location: On the road-USA
Bikes: Giant Excursion, Raleigh Sports, Raleigh R.S.W. Compact, Motobecane? and about 20 more! OMG
Posts: 16,687
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by jdcii View Post
Is there such a thing as bike insurance? If you are riding your bicycle and you are involved in an accident, let's say it's your fault, is there insurance for something like that? How about if your bike is stolen? Have you ever heard of such a thing?
My bikes are covered under my homeowners' policy for theft, but I don't think any of them would make the deductible In some states if you own a car the liability will cover you regardless of what vehicle you are operating, in some others it would fall under the general liability on your homeowners/renters insurance.

Aaron
__________________
Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(

ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.

"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"
_Nicodemus

"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"
_krazygluon
wahoonc is offline   Reply With Quote
Old 04-25-08, 09:45 AM   #5
jdcii
Can you donate today?
Thread Starter
 
jdcii's Avatar
 
Join Date: Jun 2007
Location: Northeastern, Ohio
Bikes: Not enough
Posts: 79
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Tom Stormcrowe View Post
Homeowners policy, I believe, or perhaps renters insurance in certain conditions.
Doesn't your home owners / renters insurance only cover theft if your bike is stolen from your house? The same with liability issues? Aren't they only covered if it's on your property?
jdcii is offline   Reply With Quote
Old 04-25-08, 10:04 AM   #6
narr33
Senior Member
 
Join Date: Mar 2007
Bikes:
Posts: 97
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
According to the book Bicyling and the Law by Bob Mionske there is no bicycle insurance in the United States although it is available in the U.K. and other countries. If you are found at fault in an accident your home owners or renters insurance may cover the damages. In the case of an uninsured or underinsured motorist your car insurance or health care insurance would come into play. Although check the policy to make sure bikes are covered. The lack of available bicycle insurance in the U.S. is an unfortunate reflection of the car centric culture we live in.
narr33 is offline   Reply With Quote
Old 04-25-08, 10:16 AM   #7
jamesdenver
jim anchower
 
jamesdenver's Avatar
 
Join Date: May 2005
Bikes:
Posts: 1,118
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My homeowners insurance covers my bike - even off site. Renters insurance would probably do the same. Unfortunately the deductible is around $500 I think - and like a lot of insurance policies if you actually USE it repeatedly they'll cancel you.

So if my bike go stolen I probably wouldn't use it.
jamesdenver is offline   Reply With Quote
Old 04-25-08, 11:00 AM   #8
kf5nd
Senior Member
 
kf5nd's Avatar
 
Join Date: Aug 2004
Location: Houston, TX 77095
Bikes: Specialized Sequoia Elite, Schwinn Frontier FS MTB, Centurion LeMans (1986)
Posts: 1,470
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I pay extra for a $1 million general liability protection umbrella. It costs $173.20 per year, and it will cover all kinds of things that the original poster alludes to. I think it's money well spent.
kf5nd is offline   Reply With Quote
Old 04-25-08, 02:22 PM   #9
Machka 
Long Distance Cyclist
 
Machka's Avatar
 
Join Date: Jan 2003
Location: I ride where the thylacine roamed!
Bikes: Lots
Posts: 45,763
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 89 Post(s)
I got mine through CAA (Canadian Automobile Association) under my content insurance policy. Content insurance covers my bicycles for $1000 with a $500 deductable, so I had to get the additional bit to cover my bicycle, and my bicycle is covered for accident or theft, etc. as long as I'm not riding it in a race when something bad happens to it. And I'm covered for what I paid for my bicycle.

You might talk to your insurance agent, or ... I don't know ... does AAA have insurance coverage?
Machka is offline   Reply With Quote
Old 04-25-08, 04:01 PM   #10
gerv 
In the right lane
 
gerv's Avatar
 
Join Date: Dec 2005
Location: Des Moines
Bikes: 1974 Huffy 3 speed
Posts: 9,531
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by jamesdenver View Post
My homeowners insurance covers my bike - even off site. Renters insurance would probably do the same. Unfortunately the deductible is around $500 I think - and like a lot of insurance policies if you actually USE it repeatedly they'll cancel you.

So if my bike go stolen I probably wouldn't use it.
My insurance company wanted what amounted to $10 a month to insure the bikes against theft with a $100 deductible. But since I am basically sick of paying insurance premiums every month and seeing no return, I decided to take my chances.
gerv is offline   Reply With Quote
Old 04-26-08, 11:37 AM   #11
folder fanatic
Banned.
 
folder fanatic's Avatar
 
Join Date: May 2005
Location: Anti Social Media-Land
Bikes:
Posts: 3,078
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by gerv View Post
My insurance company wanted what amounted to $10 a month to insure the bikes against theft with a $100 deductible. But since I am basically sick of paying insurance premiums every month and seeing no return, I decided to take my chances.

Better to have a special bank account for "insurance" against theft. Deposit the premimun in the account once a month. Soon you will have enough for another bike should you need it-or not. You will also have control over something else mostly overlooked. When you pay the insurance company, you will probably never see the money again. It is out of your control. But if you have your own bank account and want to use the money for another bike, well......
folder fanatic is offline   Reply With Quote
Old 04-26-08, 05:28 PM   #12
wahoonc
Senior Member
 
wahoonc's Avatar
 
Join Date: Jan 2005
Location: On the road-USA
Bikes: Giant Excursion, Raleigh Sports, Raleigh R.S.W. Compact, Motobecane? and about 20 more! OMG
Posts: 16,687
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by folder fanatic View Post
Better to have a special bank account for "insurance" against theft. Deposit the premimun in the account once a month. Soon you will have enough for another bike should you need it-or not. You will also have control over something else mostly overlooked. When you pay the insurance company, you will probably never see the money again. It is out of your control. But if you have your own bank account and want to use the money for another bike, well......
That is basically what I do with just about all of my insurance(s) We take the highest comfortable deductible choice, put that amount (and more) in the bank and get on with our lives. Most people think insurance is for every little thing...small wonder that is what the warm and fuzzy advertisement wants you to think. We plan to use it for catastrophic events only, however even in those cases you will need to be prepared to battle them tooth and nail for payout. We had had a small business totally wiped out by a fire in an adjacent building, they settled on the inventory portion of the settlement pretty easily, but 4 years later we are still battling them over the loss of income and having to relocate the business. Insurance is a gamble... you are betting you will need it and they are betting you won't.

Aaron
__________________
Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(

ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.

"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"
_Nicodemus

"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"
_krazygluon
wahoonc is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 10:31 PM.