Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

Bike insurance.

Old 09-29-21, 07:07 PM
  #1  
mwatt65 
Newbie
Thread Starter
 
Join Date: May 2021
Posts: 32

Bikes: Giant Escape Disc 1 Giant Revolt Pro 1

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
Liked 12 Times in 9 Posts
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.
mwatt65 is offline  
Old 09-29-21, 07:18 PM
  #2  
GlennR
On Your Left
 
GlennR's Avatar
 
Join Date: Nov 2011
Location: Long Island, New York, USA
Posts: 8,373

Bikes: Trek Emonda SLR, Sram eTap, Zipp 303

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 3004 Post(s)
Liked 2,425 Times in 1,184 Posts
Sure but it's not cheap.
GlennR is offline  
Likes For GlennR:
Old 09-29-21, 07:38 PM
  #3  
Koyote
Senior Member
 
Join Date: Sep 2017
Posts: 6,127
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 5617 Post(s)
Liked 8,554 Times in 3,687 Posts
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.
Koyote is offline  
Likes For Koyote:
Old 09-30-21, 09:03 AM
  #4  
Iride01 
Plz hurry Dec 22!
 
Iride01's Avatar
 
Join Date: Jul 2017
Location: Mississippi
Posts: 11,934

Bikes: Tarmac Disc Comp Di2 - 2020

Mentioned: 43 Post(s)
Tagged: 0 Thread(s)
Quoted: 4890 Post(s)
Liked 3,410 Times in 2,363 Posts
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.
Iride01 is offline  
Old 09-30-21, 10:05 AM
  #5  
msu2001la
Senior Member
 
msu2001la's Avatar
 
Join Date: Mar 2006
Location: Midwest
Posts: 2,166
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 1030 Post(s)
Liked 1,017 Times in 590 Posts
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).
msu2001la is offline  
Likes For msu2001la:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2022 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.