murzikrv

Anybody has any experience with it ? Thinking about inuring both of my bikes.

softreset

Create a new email address and give them that one, if you submit your info for a quote. I had gotten that tip from a buddy prior to looking at their service and sure enough... spot on. Relentless correspondence (2-3 a week, every week for over a year).

topflightpro

A couple years ago, I got a quote for insurance through one of those companies. They wanted like $500 a year for my bike.

And I have heard the coverage is not great. Since they do a lot of bikes, they know all about them, and my understanding is that if you get into a crash, they tend to nickle and dime you over every part.

thrllskr

I use Markel insurance which is the underwriter for Velosurance. I have bicycle insurance on 2 of my bikes and have had claims on both. Never a problem with customer service or claims. I am willing to pay for insurance unlike the majority of the US, i.e. there are guys/gals out there riding their bikes without disability insurance. Expensive, it is all relative, could I replace my bike with cash if I needed to tomorrow, yes. Can I afford insurance, yes. Do I enjoy the security of insurance on my bicycle, yes.

merlinextraligh

Just reaize you're paying for that "security"

Its axiomatic that the amount you pay in premiums plus investment gains on average over time is going to exceed the amount you get back in claims.

If this were not true, Insurance comapnies would not be in business.

The isurance company has to pay for payroll costs, taxes, real estate, utilities, marketing, etc. in addition to claims costs as well as make a profit. So with investment returns, the insurance company takes in substantially more than they pay out.

So given your situation that you could replace your bike with cash if necessary, you'd be way ahead of the game to invest the premiums you're paying to the insurance company, and self insure against any loss.

Take Topflight Pro's $500 premium figure. Invest that in a blanced portfolio with a 7% return. Over 30 years that will grow to $54,000.
Even assuming you have a loss here or there along the line that you have to self fund, you're still likely to be close to $50,000 ahead.

A lot for "security" for a bike that you can afford to replace.

RomansFiveEight

Same here.

If you have a Gmail account (which I use for almost all online correspondence) you can add a "plus"

So, for example, if your e-mail address is emailguy1000, you could submit your e-mail address as "emailguy1000+velosurance@gmail.com". E-mails will go to your inbox. You can then go into your e-mail settings and setup rules for "+velosurance", anything from forwarding it to the junk folder, to it's own special folder, or just automatically deleting them when they come in. Pretty nifty trick! Whenever someone tells me I can save 10% if I give them my e-mail address, I give them "myemail+junk@gmail.com", which automatically gets forwarded to my spam folder. (Because I have +junk setup that way)

thrllskr

The OP was asking if anyone had used this insurance. He nor I were looking for your financial advice.

dtrain

https://www.bikeforums.net/road-cycli...s-options.html

merlinextraligh

And he's free to read it or not.

Sometimes the correct answer is the answer to the question that it's implicit in the assumption made in the question.

TrojanHorse

HOT DIGGETY!

I was totally unaware you could do that. as a side, gmail ignores punctuation, so emailguy1000 is the same as email_guy_1000 or email.guy.1000 etc.

rpenmanparker 

At least it was free of charge. You're welcome.