Bike Insurance

[kelownagirl]

Hey ladies! I need help. I need bike insurance on my two bikes. So, I am trying to get a separate endorsement on my renter's policy to cover them (mainly worried about road bike here) if something happened "off premises" aka bike stolen from cafe, or stolen out of my car, or I get mugged and my bike is taken.

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.

Ideas? I'd prefer a policy that would cover things like a motorist destroying the bike too, but thats asking for the moon.

I'm fed up and annoyed and am hoping someone has options...or at least can commiserate.

We bought 2 bikes, worth a total of about $7000 last year and it was going to cost us about $700 a year extra for a 'rider' to cover them. Our insurance broker did some looking around and found a company that has no limit on bikes. We double-checked to confirm, then switched companies. The rest of our house coverage was the same or better, all for about $10 a year less than we had previously paid. Look around.

[Running Mommy]

She is the "friend" I told you that I would consult on this.
She knows her stuff, so if you have any ??'s I wouldn't hesitate to throw her a pm. I know she's new here. But like I said, she's a good friend. So don't worry, she's not a scammer.
cheers!
denise

[fidlfreek]

Awesome! Mainly I just don't want to be out like $3000 if my bike is stolen while I'm eating pancakes and bacon.

I will PM erint. It just seems like there are so many rules that there's no way that one little consumer can possibly figure it out.

I used to have a violin worth like $16000 that I could insure w/ an endorsement for $45 a year. See, thats why I think its worth looking into for the bikes...you never know whats possible!

[Running Mommy]

thats why I trust erin to take care of it for me. She also brings up things I would have never thought about!

[TxDoc]

Wonderful info, thanks Erint and welcome to TE!!!