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09-13-10, 11:59 PM
#1
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I n s u r a n c e
What are you guys and gals doing for bicycle insurance? I have a renter's policy (like a homeowner's policy, but for a guy who constantly moves around with my work) that I had my bike included. But I'm wondering if anyone has found a more effective way of covering the bikes from loss by theft, etc.
09-14-10, 03:48 AM
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Keep them locked up. Most insurance has a deductible and they will claim that your bike has depreciated by a standard amount every year. I have had several bikes stolen over the years and in most cases the total value (according to the insurance company) was less than the deductible. One theft the insurance company changed the rules 6 months prior and required that bicycles be covered on a separate rider, but we never go the notice...screwed on that one! Unless your bikes are very high end and very expensive insurance is going to be your last resort.
Aaron
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Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(
ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.
"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"_Nicodemus
"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"_krazygluon
Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(
ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.
"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"_Nicodemus
"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"_krazygluon
09-14-10, 04:57 AM
#3
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True only if the bike is covered as contents. If the bike is scheduled separately on an inland marine rider then no. You can use a $0 deductible and agreed value. That way there's no depreciation. It cost more but it's worth it on a nice bike.
09-14-10, 06:37 AM
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Bike-specific insurance. The bike is insured for a value (which can't be more than purchase price). If stolen or destroyed in an accident, that is the amount paid out.
Also includes 3rd-party insurance, in case I cause an accident. IMO, all adult cyclists should have this.
Also includes 3rd-party insurance, in case I cause an accident. IMO, all adult cyclists should have this.
09-14-10, 06:57 AM
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Insurance for bikes? I've never had a bike stolen. Never thought about getting it.
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The Lord is merciful and gracious, slow to anger and abounding in steadfast love. - Psalm 103:8
I am a cyclist. I am not the fastest or the fittest. But I will get to where I'm going with a smile on my face.
The Lord is merciful and gracious, slow to anger and abounding in steadfast love. - Psalm 103:8
I am a cyclist. I am not the fastest or the fittest. But I will get to where I'm going with a smile on my face.
09-14-10, 08:32 AM
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Count yourself lucky, then.
I live in a city of 80 000. Six bikes per day stolen. I've had 1 of mine stolen, my son (who locks his bike in the city centre) has lost 2 bikes in 2010.
I live in a city of 80 000. Six bikes per day stolen. I've had 1 of mine stolen, my son (who locks his bike in the city centre) has lost 2 bikes in 2010.
09-14-10, 08:33 AM
#7
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What are you guys and gals doing for bicycle insurance? I have a renter's policy (like a homeowner's policy, but for a guy who constantly moves around with my work) that I had my bike included. But I'm wondering if anyone has found a more effective way of covering the bikes from loss by theft, etc.
09-14-10, 04:05 PM
#8
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Too many people for me. That's why I want out.
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The Lord is merciful and gracious, slow to anger and abounding in steadfast love. - Psalm 103:8
I am a cyclist. I am not the fastest or the fittest. But I will get to where I'm going with a smile on my face.
The Lord is merciful and gracious, slow to anger and abounding in steadfast love. - Psalm 103:8
I am a cyclist. I am not the fastest or the fittest. But I will get to where I'm going with a smile on my face.
09-14-10, 05:53 PM
#9
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I have both my bike & my trike (both custom made to my order) insured as named items on my home owners policy which cost me $50 a year for both (.13 cents a day)
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My preferred bicycle brand is.......WORKSMAN CYCLES
I dislike clipless pedals on any city bike since I feel they are unsafe.
Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?
My preferred bicycle brand is.......WORKSMAN CYCLES
I dislike clipless pedals on any city bike since I feel they are unsafe.
Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?
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