Insuring a bike?

[PAP103]

I just called my insurance company. Our bikes (1 mtn, 2 road, 1 hybrid) are covered for theft or damage from fire but not for accidents while riding.

[CycleChic06]

An old friend of mine had his and his roommate's MTB's stolen out of a locked (and opaque) storage locker in their shared basement (they figured it had to be an inside job as no one could have known the bikes were in there). Turns out even though neither bikes were listed on the homeowners insurance policy, both bikes were covered at replacement value. It turned out to be a great deal for my friend who got a crazy discount when originally buying his bike, only paid $1000 for it and replacement was over $4000. He made out like crazy on that deal.

But still ever since that I've been insuring everything of value in my apartment under renters insurance...you just never know.

Emily

[RoadRaven]

I just called my insurance company. Our bikes (1 mtn, 2 road, 1 hybrid) are covered for theft or damage from fire but not for accidents while riding.

Our insurance company tried the same thing on - we said whats the point? We want them covered for at least training rides, then we argued for club rides as they weren't prize/money races...

Eventaully they agreed to cover us for everything as long it wasn't a race that involved prize money, or prizes.

They were reluctant but we said if they couldn't be more accomodating we would find someone else who was willing to cover us (quite a big policy, farm, house, vehicles)... so they pulled finger and we came to an agreement.