So I just got off the phone with my insurance agent to ask if I needed to add my new catrike to my home owner policy like I did the wife's diamond ring. She told me no, that it was covered under my home owners policy. Is this how it is with everyone else? I have received wrong info from them before is why I'd like to know from other people here. Even if I'm out of state on vacation and it get stolen or if it's on my truck, she said the home owners insurance covers it. I have a hard time believing this.
Apparently that varies by insurance company. My homeowner's covers my bents. When my first V-Rex was totaled by a right-cross, my agent told me I had the option of my homeowner's insurance paying for it at full replacement cost (because I'm paying for that option,) or making the driver's insurance pay the depreciated amount. I chose making the driver pay for it, because I didn't want my rates to go up due to a big claim. My V-Rex was not itemized on the policy at the time.
Originally Posted by Da dog
I guess some policies require a separate rider for the bikes/trikes, some will only cover the bike if it meets its demise while at home. As always, YMMV. I'd try to get something in writing from your agent. Maybe send him a picture and current value, and ask for clarification in writing that you are covered against theft, travel damage, accidents, etc.
There will be limits on the built-in coverage amounts for things like that, which is why people purchase riders. Lots of agents aren't aware that people have $5K bikes that they want to replace if stolen. They're thinking replacement value is only a few hundred. Agents will commonly suggest riders for expensive jewelry, but aren't knowledgeable about bikes.
Home School Valedictorian
Not a bent but I recently bought a new bike, called the insurance agent to inquire about coverage since the bike had a $2600 msrp, which I was sure to let him know, he said I was good to go as is.