Bike Insurance

[Grog]

I had add-on insurance for an expensive laptop computer. It was insured against my own foolishness, such as forgetting it in the metro, or my cats destroying the LCD panel. "All risk" was what it was called. and it was quite expensive, like almost $150 for a $3000 computer, the first year, and then a bit less every year until after the 3rd year I didn't insure it anymore.

I don't think intentionally wrecking your bike would be insurable, but maybe it would be insurable for accidents, but at a steep cost probably.

[Bluetree]

My State Farm insurance includes coverage for my two road bikes. I've submitted itemized copies of all receipts to cover replacement value ($12k). If the bike(s) are inside my car and something happens, my auto insurance covers it. If it is on the outside of my car (on the rack), or in a different place, renters covers it. The deductibles are different.
I'm also considering additional CA earthquake insurance... just to cover my bases.

[aicabsolut]

I don't think intentionally wrecking your bike would be insurable, .

I think that would be insurance fraud.

[fidlfreek]

God this is so annoying. I think I'm going to call back and see if I can just get it covered an endorsement for sporting goods or hobbies. This shouldn't be so stupid and difficult. I have to remember that these insurance agents may not be the brightest bulbs....

Thanks for the advice about auto policy things btw, and also how the insurance industry basically incentivizes non-payment.

[Mr. Bloom]

also how the insurance industry basically incentivizes non-payment.

Oh...we just scratched that surface! We've only talked about agent incentives

[OakLeaf]

I think that would be insurance fraud.

Intentionally wrecking your bike and claiming it was an accident would be fraud. And the reason someone would do that is because... intentionally wrecking your bike is not insurable.

[Mr. Bloom]

I can hear the question now:

Well Ma'am, can you please explain how the frame of your bike could be split in two, but you didn't receive a scratch?

[TxDoc]

I can hear the question now:

Well Ma'am, can you please explain how the frame of your bike could be split in two, but you didn't receive a scratch?

Hee-hee!

[Running Mommy]

I'm going to fwd this thread to my friend who is an Agent- and an EXCELLENT one at that. She will know!
Tho I must say, every state is different.