Originally Posted by
squeakyschwinn
I carry insurance on my ebike. I went separate from homeowner's because, in the event that I ever need to use it, I didn't want a homeowner's claim to possibly impact my premiums on my home.
I opted for a renter's insurance policy to cover my bikes for just this reason. I don't want to add a claim to my homeowners policy if I don't have to. Between carrying my bikes inside my vehicles and on a hitch rack I was concerned about theft while away from the house. Sure, I bet my homeowners insurance will pay for the loss but the deductible is higher and they don't provide replacement value, only current value. I cheecked my policy.
For renter's insurance, my $25,000 policy is $194 yr, $500 deductible. The policy will pay for replacement value of the items lost. My car insurance went down approx $100 a year by adding the renters insurance so net cost is around $100 yr. Money well spent in my opinion.