Originally Posted by
indyfabz
My H.O. insurance covers my bikes from at least theft. But as my agent told me, if you make a H.O. claim, make sure it's a big one because your premium is going to increase. When my LHT was stolen from inside my house I did not file a claim. Between the deductible and threat of increased premiums, the $1,200 to replace it made filing a claim not worth it.
You need better home owners insurance. Over the last 25 years, I've had 3 bicycles stolen in two incidences. I made claims for all 3 at replacement value and never saw my premiums increase. I do keep detailed records of what is on the bike and as many receipts as I can for the equipment on the bikes. Each time the claims went smoothly and I was given what I consider a very fair value for the bikes.