anybody have insurance on their bike?

[buffybike]

I'm seriously considering adding my bikes to my homeowner's policy. I was wondering if anyone else had done this and how much it cost to cover the bike(s) at replacement cost (not actual cash value).

[loopybunny]

My renters insurance is sort of a blanket coverage. Covers not so much items, but a cash value of items. If my apartment burns down I'd get $X and could spend it how I felt I needed to.

I should probably up that though since I have quite a few nicer things than I did 8 years ago.

[Owlie]

Mine should be covered by my renter's insurance, up to a certain value. I'm going to have to check whether it's cash value or replacement cost.

[pumpkinpony]

Mine are covered under renter's insurance also. I did look up my policy after buying a new bike recently to verify there are no exceptions for value on bikes... They have exceptions for guns (limit $1000), golf carts (not covered), and such things. Luckily no mention of bikes. I have replacement cost coverage.

[Grog]

Shop around. It helps if you're a member of a professional association that offers some sort of a special package through an insurance company.

We found a company that insures all of our bikes with no limit. Only the regular deductible would apply. This was a group offer for my husband's medical association. With our initial insurance company it would have cost hundred of dollars per "nice bike." Our commuter bikes would not be covered due to the deductible, but for the fast bikes it's peace of mind.

[TsPoet]

Every time I get a new bike I stop by and ask my insurance agent about coverage and he casually blows me off. I'm not sure he's aware of how much a bike can cost. When I get my velomobile, I'm going to stop by again with receipts and make sure my bikes are called out specifically. I also need him to clarify, once again, that an accident on the road is covered, not just an event in my house.

[indysteel]

I would assume that your bike(s) is already covered by your homeowner's policy and that, short of you having a pretty serious bike collection, you likely don't have to have a specific rider for them. Call your agent to make sure, however.