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Bike insurance.

Old 09-29-21, 07:07 PM
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Bike insurance.

Hi guys, I had a question about insurance, I just bought a new gravel bike a couple of weeks ago, Revolt Pro 1. Since I've never spent over $5k on a bike, I was wondering about insurance on it, any ideas? My insurance broker said that its covered for theft on my household insurance, but I'm not sure if that would cover theft while out of the house.
Is their any company that offer insurance for theft & crash damage?

Last edited by mwatt65; 09-29-21 at 07:08 PM. Reason: spelling.
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Old 09-29-21, 07:18 PM
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Sure but it's not cheap.
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Old 09-29-21, 07:38 PM
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Ask your insurance agent for details. Generally, personal items that are stolen from anywhere are covered under homeowner's or renter's insurance. I once lost about $3k worth of camera gear (back when $3k was real money) in theft from a friend's car, and it was covered.

The only caveat may be a cap on the value covered for an individual item, but I don't know if that's true. And your homeowner's policy may not cover crash damage.

You can buy a policy to cover your bike against any and all damage, replacement value, no deductible; but as GlennR said, it'll cost you.
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Old 09-30-21, 09:03 AM
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If you are a homeowner, the first person you should ask is your insurance agent. Your bike is probably already covered for a certain amount of value for loss and liability for damage you cause to others.

If you can easily cover any damage or loss of your bike then you really only need to be covered for liability to others. IMO of course.
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Old 09-30-21, 10:05 AM
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Most homeowner's insurance policies will cover bike theft, even if it occurs outside of the home. Mine does (minus a $500 deductible).
I wouldn't expect my policy to cover damage due to a crash though. It would cover damage as a result of some other covered event (i.e. a house fire).
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