When I got my more expensive bike, I asked my home owner's insurance agent. He told me it was covered, but it was good to tell him exactly what the bike is and that I'd better not make a claim against it for 6 months . It turns out, I needed to have the policy for 4 years before claims like bicycles would not have deductibles, fees, and possibly increase my insurance $ and I'd had the policy with them for 3.5 years at that time. After 4 years, I guess they decide you are a good customer and the fees, etc. are less.