Quote Originally Posted by fidlfreek View Post
AAA rep says no endorsement exists so I'll just have to be happy w/ the blanket off premises coverage which would give me a max of $3200 if the road bike were stolen. However, I'd be out like 6k+ to replace it.
This seems odd. Were the bicycles included in the calculation of your overall property value for the renters insurance? If yes, then their value should be covered. Most renters insurance policies cover 10% of your property value when off premises. So for example if your personal property is worth $150k, then the maximum off-premises coverage would be 15k. It seems strange that your insurance would value your personal property at like $32k - or maybe they have a lower % coverage for off-premises. Either way this should be described in the contract and in their policy manual.
You could always shop around for better renters insurance: there are so many cheap companies now that only insure the minimum and really do not provide good coverage. I use Allstate and I am very happy with it. If the bike is damaged in a crash, or by an uninsured motorist, the car insurance policy covers it. If it is damaged, vandalized or stolen (on or off the premises) then the renters insurance covers it. I think it goes up to 7.5k or 9.5k, cannot remember now on top of my head. But either way, I guess you need to find out what is the policy of your insurance company regarding bicycles. Apparently some companies treat bikes like boats and kayaks, others like motorcycles, others like hobby equipment (like scuba equipment or cameras). You may also want to ask if there is any provision that allow you to place an addendum to your policy - in order to fully insure the bike - for a slightly more expensive premium. Most policies allow you to insure extra equipment of about 9-10k value for like less than $100 per year, and it is totally worth it!
Good luck!