At the risk of weighing in with serious conversation, first, the answer depends on your homeowners policy. Many cover "personalty" which includes bikes, furniture, a limited amount of jewelry and that electronic stuff. You have to be able to prove it, etc. and often it does not even need to be in the home. Mine covers my bikes, but they will depreciate, as with all items. Whether they depreciate or do replacement cost depends on YOUR policy.

Second, when you are talking bikes and autos, you have an issue of conflicting policies. You need to read your auto policy and see what provisions it has for losses of personal property or whether the bike is excluded as mobile equipment. This is esoteric stuff, but needs to be done. Just like - your auto policy may not cover that CD player you install - gotta read about add-ins to the vehicle - may not be covered.

Third, I noted a bunch of folks used the word AGENT. Remember, AGENTS work for the insurance company, not for you! Brokers have a duty of care for the insured (that is YOU) not the company, so make sure you REALLY trust the AGENT you are going to or go to someone else.

Last but not least, claims typically do raise your premium. Some companies give 3 bites at the apple. Others less. Others just drop you. Of course, that is not what the insurance commissioner is told, but... is the result.