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Insurance???

Old 08-15-06, 10:59 AM
  #1  
OH306
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Insurance???

In another thread "Bike riders do more harm than good" the issue of insurance was touched upon. Do many of you carry bicycle insurance? Is it a rider on your auto insurance?
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Old 08-15-06, 12:09 PM
  #2  
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Bicycle insurance does not exhist.

If someone can correct me, point me in the direction of an office or company liscensed in South Carolina.
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Old 08-15-06, 12:16 PM
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For injury, I have my medical insurance. For theft or damage, I have my homeowners insurance. I believe this is relatively common. The only reason you have to carry special automobile insurance is the liability part (the vast majority of the cost). There's so little liability when riding a bicycle that's it not even worth considering (unless of course you carry liability insurance for your walking shoes, skis, surfboard, etc.)
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Old 08-15-06, 12:48 PM
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Originally Posted by joejack951
For injury, I have my medical insurance. For theft or damage, I have my homeowners insurance. I believe this is relatively common. The only reason you have to carry special automobile insurance is the liability part (the vast majority of the cost). There's so little liability when riding a bicycle that's it not even worth considering (unless of course you carry liability insurance for your walking shoes, skis, surfboard, etc.)
The problem with this common arrangement is that there are 45 million working poor in the U.S. who have no health insurance-- I'm one of them. If I get injured by a motorist, I have to trust that the motorist is insured, and that the amount of insurance is adequate to cover my damages. It's useless to think that you can sue an uninsured motorist, because that motorist is likely to have no assets to go after; it's why they're called "judgment proof." I would LOVE to be able to buy bicycle insurance that will cover me in case I'm injured. Unfortunately, it's not available in the U.S., although I hear it's available in the U.K.

From a liability standpoint, there's a big difference between the liability from a pair of walking shoes and a bicycle. A negligent cyclist is capable of causing greater bodily injury and property damage than is a negligent pedestrian, but less bodily injury and property damage than is a negligent motorist. I *believe*, but am not certain, that an automobile liability policy covers you on a bicycle as well. However, if you don't own an automobile, you're screwed again. And again, I would LOVE to be able to buy bicycle insurance that covers my liability in case of an accident. Unfortunately....
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Old 08-15-06, 01:03 PM
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membership to the london cycling campaign (lcc) used to include third party insurance, which i thought was a pretty good idea.


edit: they still do
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Old 08-15-06, 01:32 PM
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Good question. Liability insurance is a non-issue, what are the chances of you causing any significant injury to another while riding your bike and also being at fault in the collision.

Insurance that covers you in a bicycle/car crash is another story. Health insurance covers you for your medical bills, as does No-Fault car insurance in some states, like Florida. But these are limited benefits usually. If you get hit really bad and are left wearing pampers and sucking dinner out of a straw for the rest of your life, these insurance policies will generally not cover lost past and future wages, permanent disability, past and future pain and suffereing. etc.

In Florida, however, if you have uninsured motorist insurance on your car, you can make a claim for all damages including lost past and future wages, permanent disability, past and future pain and suffereing. etc. up to the policy limits of your policy, if you are hit on your bicycle by an uninsured motorist.

Uninsured/underinsured motorist insurance, if your state has laws similar to Florida, is therefore the most important insurance to have if you bicycle. And don't skimp on the policy limits. The difference in premium between a $50k policy limit policy and a $500k or million dollar policy is not that big. And if you get f@cked up badly in a bike/car crash, $50k will go to the hospital and MD's in one week.

Check out the coverage in your state and get a big UM policy if you are covered as a cyclist.
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Old 08-15-06, 01:45 PM
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The only insurance on my bikes is wrapped up into my house policy.
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Old 08-15-06, 01:54 PM
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It's called home owner's insurance. If you rent, it's called renter's insurance.
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Old 08-15-06, 03:13 PM
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Originally Posted by San Rensho
Good question. Liability insurance is a non-issue, what are the chances of you causing any significant injury to another while riding your bike and also being at fault in the collision.
Coming from somebody who freely admits to running stop signs, and freely advocates the practice, this can't be taken all that seriously. It's only anecdotal, of course, but I've read accounts in this forum of cyclists blowing through crosswalks despite the presence of pedestrians, who, as you know, have the right of way. If a cyclist strikes a pedestrian in the crosswalk at speed, the cyclist can easily cause significant injury and also be at fault. Come on, you're a lawyer, you know this stuff.

Originally Posted by San Rensho
Insurance that covers you in a bicycle/car crash is another story. Health insurance covers you for your medical bills, as does No-Fault car insurance in some states, like Florida. But these are limited benefits usually. If you get hit really bad and are left wearing pampers and sucking dinner out of a straw for the rest of your life, these insurance policies will generally not cover lost past and future wages, permanent disability, past and future pain and suffereing. etc.

In Florida, however, if you have uninsured motorist insurance on your car, you can make a claim for all damages including lost past and future wages, permanent disability, past and future pain and suffereing. etc. up to the policy limits of your policy, if you are hit on your bicycle by an uninsured motorist.

Uninsured/underinsured motorist insurance, if your state has laws similar to Florida, is therefore the most important insurance to have if you bicycle. And don't skimp on the policy limits. The difference in premium between a $50k policy limit policy and a $500k or million dollar policy is not that big. And if you get f@cked up badly in a bike/car crash, $50k will go to the hospital and MD's in one week.

Check out the coverage in your state and get a big UM policy if you are covered as a cyclist.
Your advice here is good, and I won't argue with it per se, but it only applies if you actually own a motor vehicle. If a bike is your only form of transportation, you're screwed, screwed, screwed. If we want to advocate for bicycles, it's unacceptable to limit protection to those who own cars.
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Old 08-15-06, 03:54 PM
  #10  
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some interesting thoughts here
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Old 08-15-06, 03:55 PM
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Originally Posted by Blue Order
Coming from somebody who freely admits to running stop signs, and freely advocates the practice, this can't be taken all that seriously. It's only anecdotal, of course, but I've read accounts in this forum of cyclists blowing through crosswalks despite the presence of pedestrians, who, as you know, have the right of way. If a cyclist strikes a pedestrian in the crosswalk at speed, the cyclist can easily cause significant injury and also be at fault. Come on, you're a lawyer, you know this stuff.
.
First, I advocate running stop lights and stop signs only when it will not interfere in any way with any other person's right of way. I never have and never would advocate any other type of behavior. Niether me nor others on the forum who advocate running stop signs or stop lights when it will not interfere in any way with any other person's right of way would advocate barrelling through a crosswalk with pedestrians, because they have the right of way and that goes against the idea that you can run stops, but only as long as you don't violate someone else's right of way.

My statement that liability insurance is not a real concern was made in light of the audience. Most people here are conscientious, safety minded people that are very unlikely to run over pedestrians.

Are there idiots who ride their bikes down crowded sidewalks at breakneck speed who could injure pedestrians, yes. But I venture to say they are not on this forum, so liability insurance is not really a concern for us here on BF.
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Old 08-15-06, 03:59 PM
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Originally Posted by San Rensho
First, I advocate running stop lights and stop signs only when it will not interfere in any way with any other person's right of way. I never have and never would advocate any other type of behavior. Niether me nor others on the forum who advocate running stop signs or stop lights when it will not interfere in any way with any other person's right of way would advocate barrelling through a crosswalk with pedestrians, because they have the right of way and that goes against the idea that you can run stops, but only as long as you don't violate someone else's right of way.

My statement that liability insurance is not a real concern was made in light of the audience. Most people here are conscientious, safety minded people that are very unlikely to run over pedestrians.

Are there idiots who ride their bikes down crowded sidewalks at breakneck speed who could injure pedestrians, yes. But I venture to say they are not on this forum, so liability insurance is not really a concern for us here on BF.
I'm not so sure that some of the reckless riders aren't on this forum. But I suppsoe that one could argue that a cyclist who rides recklessly would be unlikely to care about liability insurance anyway....
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Old 08-15-06, 04:21 PM
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If you have renter's insurance (or homeowner's) you are covered for a certain amount of personal liability. At least in Canada anyway. A few years ago, I lived in an apartment with an automatic garage door. My bike riding neighbour used to have keep a remote for the door in his pocket, to activate the door from down in the alley - to have it open when he'd round the corner on his bike and coast in.

The problem was that one day, I pulled up in my car, opened the door with my own remote, and was passing under the open door when he pressed his button. The door closed, and damaged the hood of my car. I claimed on my auto insurance for the repair, and my insurance co. passed the costs on to his tenants' policy.

There's an example of a cyclist being liable for damages, having that liability covered by his renter's policy.

Another excellent reason to have SOME form of insurance!
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Old 08-15-06, 06:40 PM
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Some interesting information that I'll have to digest. I was really thinking more about liability though. Accidents do happen and it's not always the motorist at fault. What happens if you nail a pedestrian? Guess I better check with my auto and homeowners insurance agent to learn where I really stand. Maybe I'm worrying about this more than I need to.
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Old 08-15-06, 07:21 PM
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Originally Posted by OH306
Maybe I'm worrying about this more than I need to.
You are.
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Old 08-15-06, 07:50 PM
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naw, the last time i crashed into a car (jeep) difficult enough to cause any damages, i did

a) $2,500 in damages to the jeep

b)broken hip; 3 days in the hospital and 3 ti screws, $29,000.

NO FAULT insurance kicked in $10,000 each from the jeeps' no fault rider, and my CAR insurance covered me as a bicyclist involved in a motor vehicle accident and kicked in $10,000.

I believe my renters insurance covered the damages to the jeep.

complicated, but here in WA state, at least medical, a car insurance policy AND a renters/ homeowners policy is required for all ones' liabilities be covered.


Seems a bit much; i have always asked my insurers for a unified bike collision policy and they just laugh.....is that too much to ask, an accident policy for bicyclists?
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Old 08-15-06, 07:57 PM
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I carry my health insurance card.
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Old 08-15-06, 08:11 PM
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Originally Posted by Bekologist
Seems a bit much; i have always asked my insurers for a unified bike collision policy and they just laugh.....is that too much to ask, an accident policy for bicyclists?
No.
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Old 08-15-06, 08:12 PM
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Originally Posted by OH306
Some interesting information that I'll have to digest. I was really thinking more about liability though. Accidents do happen and it's not always the motorist at fault. What happens if you nail a pedestrian?
If you're at fault, you're liable. That's what liability insurance is for.

Guess I better check with my auto and homeowners insurance agent to learn where I really stand. Maybe I'm worrying about this more than I need to.
You're not worrying more than you need to, if you want to protect yourself.
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Old 08-15-06, 08:22 PM
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It is my understanding that Liability arising out of the use of a bicycle is not covered by standard homeowners liability built into most homeowners policies. The homeowners liability is ment to cover you liability arising out of the ownership and occupancy of said home. Of course I am by no meas an expert and should not be tought to be. Later.
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Old 08-15-06, 08:28 PM
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Originally Posted by Blue Order
Your advice here is good, and I won't argue with it per se, but it only applies if you actually own a motor vehicle. If a bike is your only form of transportation, you're screwed, screwed, screwed. If we want to advocate for bicycles, it's unacceptable to limit protection to those who own cars.
Actually, I've had driver's insurance several times when I had no car, so if you REALLY want it, you can get it.

The first time was for my girlfriend's car. She bought the car (on payments, even!) before she learned how to drive. I drove it for her.

The second time was a truck that my wife bought for us, again, no driver's license, I got an insurance policy on it in my name, and drove.
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Old 08-15-06, 08:59 PM
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Originally Posted by bmclaughlin807
Actually, I've had driver's insurance several times when I had no car, so if you REALLY want it, you can get it.

The first time was for my girlfriend's car. She bought the car (on payments, even!) before she learned how to drive. I drove it for her.

The second time was a truck that my wife bought for us, again, no driver's license, I got an insurance policy on it in my name, and drove.
True. However, when you insure yourself, rather than a vehicle, they charge the rate they'd charge you for the most powerful, most expensive vehicle out there, on the theory that you "could be" driving a Maserati (well, I was told "a Corvette, but clearly the insurance agent's imagination was limited.)-- at least my former insurance company priced it that way; I assume other companies follow similar practices. The price is so exorbitant that it's just not worth it-- or possible for me-- to insure myself. Does it really make any sense at all to insure myself as if I'm driving a Maserati, when I'm riding a Bianchi? Shouldn't there be a policy that meets my needs as a cyclist? I think there should be.
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Old 08-16-06, 05:39 AM
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My stolen bike was covered by renter's insurance.
Any accidents are covered by my health insurance.
Bicyclists should obey traffic laws. Anyone who advocates 'running a red light' will be testing out their hospital insurance very soon.
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Old 08-16-06, 08:03 AM
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If insurance companies thought they could make money by selling these policies, they would.
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Old 08-16-06, 08:55 AM
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My Wisco auto insurance policy (State Farm) covers me for cycling accidents (the health/hospitalization benefit of primary concern to me). I agree, a bike-specific policy would be ideal.. I'll float this past my agent next time.
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