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Thread: Bike Insurance

  1. #1
    Mr. Maximan1 maximan1's Avatar
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    Bike Insurance

    Does anyone have this? How can I get it?

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    In beaurocratic limbo urbanknight's Avatar
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    Yes, through homeowners/renters insurance.

  3. #3
    Mr. Maximan1 maximan1's Avatar
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    Ok...

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    I just tried to research the insurance for my future bike (my brand new one was just stolen), and my State Farm agent tells me my renters insurance lowest deductable is $500. Anybody knows of insurance agency in So Cal that would have lower or no deductable?

  5. #5
    riding once again jschen's Avatar
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    maximan and Miha, don't take this the wrong way, but insurance with a deductible below $500 really won't make sense. If you manage to find such a policy, you'll be paying through the roof for such a low deductible. And small claims quickly make your homeowner's or renter's insurance premiums skyrocket. The point of such insurance generally is for huge catastrophic losses, not for minor claims. Using such insurance for minor claims can quickly backfire.
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    Senior Member Brian's Avatar
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    You may want to try the Auto Club. They offer renter's policies. But insurance for your bike is, as Mr. Chen pointed out, not a wise investment. Bikes generally fall under sporting goods, which may have a coverage cap of $1000. So you'll end paying several hundred a year, for no more than $500 in coverage.

    On the bright side, if you get hit by a car while on your bike, your auto policy should cover you. That's a big score if they're uninsured, and you have State Farm UMBI coverage.

  7. #7
    Member of Team Wheaties! octico's Avatar
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    max no offense,but did'nt you buy your bike really cheap ?
    "Every day you may make progress. Every step may be fruitful. Yet there will stretch out before you an ever-lengthening, ever-ascending, ever-improving path. You know you will never get to the end of the journey. But this, so far from discouraging, only adds to the joy and glory of the climb."
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  8. #8
    Mr. Maximan1 maximan1's Avatar
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    Yes, $40 but its worth a helluva lot more than that .

  9. #9
    Mr. Maximan1 maximan1's Avatar
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    Oh and my commuter was free ...
    I read on a google search that the city of Cypress sells bike insurance for $1 a year. If your bike gets stolen the police get notified about it from the city. I figured when you come over and tell them "My bike got stolen" they're picturing a walmart bike getting jacked by some 10 year olds. The city might actually do something. I'm to lazy to google it right now.

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    Senior Member Mr. Gear Jammer's Avatar
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    Quote Originally Posted by maximan1
    Does anyone have this? How can I get it?
    Bicycle riding insurance OMG i never thought i'd see the day .
    Tropical pole vaulting is the shiznit.

  11. #11
    Senior Member Brian's Avatar
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    Quote Originally Posted by Mr. Gear Jammer
    Bicycle riding insurance OMG i never thought i'd see the day .
    I think he's referring to theft insurance.

  12. #12
    Senior Member Mr. Gear Jammer's Avatar
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    Quote Originally Posted by Expatriate
    I think he's referring to theft insurance.
    Sounds cool with me
    Tropical pole vaulting is the shiznit.

  13. #13
    Dagger Boy Extort's Avatar
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    Max,
    For some people insurance is worth it, but I do not believe that you want to get into that much adulthood so soon in life. Get a good U-lock, pull your front wheel and lock all the pieces together to something sturdy. Thieves take advantage of something easy to steal. If you make it difficult at all, then they are going to leave your bike alone.

    Most city police departments offer bicycle registration, and that should not cost anything. This will help you in case your bike gets stolen as there is a record of the bike belonging to you and it allows the cops to make an arrest of they catch the thief. Basically, it is just the serial number from the bottom bracket and your name and address, but that is good enough. Also, take a close up photo of the bike so that you have something to give to the cops of your bike is stolen.

    I have a special rider attached to my renter's insurance that covers my bikes. I pay a little more (it is not much!!), but the couple of bucks per year and the $500 deductable is better than the $3000 it would cost to replace one of them.
    Women think they're so clever because they can fake an orgasm for the sake of a relationship, but men can fake a whole relationship for the sake of an orgasm.

  14. #14
    In beaurocratic limbo urbanknight's Avatar
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    Quote Originally Posted by Mr. Gear Jammer
    Bicycle riding insurance OMG i never thought i'd see the day .
    It's actually a good idea. I was just reading how few drivers in California carry auto insurance, and then listening to John & Ken who's coworker got hit on a bicycle recently. It made me realize if an uninsured motorist hits me, it's my own health insurance that has to pay medical and nobody's replacing the bike.

  15. #15
    Senior Member Brian's Avatar
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    Quote Originally Posted by urbanknight
    It's actually a good idea. I was just reading how few drivers in California carry auto insurance, and then listening to John & Ken who's coworker got hit on a bicycle recently. It made me realize if an uninsured motorist hits me, it's my own health insurance that has to pay medical and nobody's replacing the bike.
    I think I read somewhere that 1/3 of LA drivers are uninsured. UMBI coverage is dirt cheap, and well worth it.

  16. #16
    In beaurocratic limbo urbanknight's Avatar
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    Yep, the report I was reading estimated about 40%. How does one get UMBI insurance? Through homeowners? Renters? Auto?

  17. #17
    Senior Member Brian's Avatar
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    With your auto policy. And last I checked, for me it was $30, but I don't remember if that was for 6 months, or the year.

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