Old 09-04-12, 03:00 PM
  #26  
clarkbre
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Join Date: Aug 2012
Location: Snohomish, WA
Posts: 331

Bikes: 1993 Trek Antelope 830, 1996 Trek Singletrack 930, 1995 Giant Innova, 2012 Surly Pacer

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Originally Posted by Nermal
I'm very sure the driver who rear ends someone is going to be held liable, and their insurance will pay. If that driver departs for places unknown, you're probably covered only if you carry uninsured motorist insurance.
You are correct; the other driver would be at fault andshould be held liable…
However…

1.
You are assuming the driver at fault hasinsurance coverage. Of the 5 accidents (allnot at fault) that I have been involved in in the last 14 years of driving,only 1 driver had insurance coverage.


2.
You areassuming the other driver’s insurance will cut you a check for a bike…notlikely. The other insurance will want toassess/depreciate your bike to the point where you have to fight them to get afair value out of it.

Holding a bike on its own small, freestanding policy willlet you and your insurance carrier have an agreed value for your bike. If it gets stolen, vandalized, crushed in anaccident, etc., you can claim for the agreed value of your bike. When your insurance company finds out thecause of damage, they will go directly after the liable party to recover theclaim’s costs.
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