Originally Posted by
niccig
Bike theft is covered under our homeowner's policy, but our deductible is $500 and that's the cost of the bike. Also, making a claim would raise our premium, so making a claim for theft would be dumb.
Personal liability coverage under homeowner's policy would cover in case of an accident if someone were to sue for damages.
This is what most cyclists in the road forum say. Apparently the uninsured motorist coverage you bought with your car insurance will cover you in a hit-and-run that wrecks your bike, hard as that can be to believe.
The idea that you should have insurance specific to your bike, because you do for your car, is a bit silly.