Gresp15C

Insurance is basically a regulated financial service. There's an old story, that a visitor from overseas was taking a tour of New York City. The guide took him past the boat docks: "These are the docks where the bankers have their yachts. And these over here are the docks where the stockbrokers have their yachts."

The visitor asked: "Where are the yachts belonging to their customers?"

GiovanniLiCalsi

I keep my antique and collectible bicycles in a 20ft. shipping container, locked up with a puck lock. I also have a WiFi camera, that is connected to my cell phone, with an audible outdoor alarm.

Pop N Wood

I'm another one who feels insurance just isn't worth the money. You are typically dollars ahead if you save the money rather than giving it to an insurance company.

Extended warranties are really nothing more than pre-paying for your repairs. Little question they don't pay for themselves.

70sSanO

If this is OT, I’ll start a new thread.

Liability insurance involving a pedestrian or another bicycle.

If a cyclist hits someone else and that person is injured, is it a homeowners/renters insurance issue?

Should there be a separate rider on the policy?

Is a separate liability policy recommended?

John

mack_turtle

I just checked my insurance and it sucks. my deductible means I would have to replace my bike out of pocket before insurance kicks in if it was stolen out of my garage. I keep my garage closed but bike thefts have been pretty rampant lately, including some break-ins.

Kapusta

You could probably find a lower deductible if you are willing to pay higher premiums. But is it worth it?

gsa103

You can buy anchors and some basic chain to keep bikes locked up in the garage. It may not stop a determined adversary but it can definitely prevent a quick grab. I do that just in case the garage is accidentally left open.

mack_turtle

I already do that, but there seems to be an unending stream of professionals in Austin who come prepared for that.

maybe for some people I know who have more bikes, and more expensive ones. I could afford to replace my bike(s) if stolen. it would just be a huge bummer.

Matenateson

I do! It might sound a bit extra, but let me tell you, it's been a lifesaver. Last summer, I was out on a ride when a driver wasn't paying attention and sideswiped me. My bike was pretty banged up, and I was worried sick about the repair costs.

pdlamb

Zombie thread, first time poster. Reader beware.

rsbob 

Never thought about bike replacement due to an accident only theft. Thanks for posting that. A good zombie is a semi-dead zombie.

SoCaled 

Since the zombie has been revived . . .
Another thing to consider for those with large/valuable collections, some homeowners policies require specific rider policies for some categories and might not cover things otherwise even if under the overall coverage amount. I have friends who were denied coverage on art/antique collections even though the claim was under the total amount they were covered for. There were caps on individual categories, if you were not carrying a "rider" for those you were out of luck. People often have them for Jewelry, Art & Antiques, many people don't realize otherwise they might be covered for a fraction of the value of their collections, lots of policies cap Jewelry at $1000-$2,500.

bruce19

Nope. As others have mentioned my bikes are never left out of sight when not in the garage. A habit since I got into motorcycling around 1975.

ScottCommutes

Worth adding - only certain properties are flood prone. Everyone is at risk of personal injury claims. Bike theft can be largely reduced by a policy holder.
​​​​​
​

NVFlinch 

Might want to peruse your auto policy or talk to your agent about these items:
1. Uninsured motorest coverage ("UI")
2. Medical coverage (sometimes called "Medpay")
3. Liability for bike related accidents

If you are involved in an accident with an uninsured auto driver, your auto policy uninsured motorist coverage normally will cover your medical, property loss (bike and the expensive kit they cut off you in the ambulance), and pain and suffering, provided that you are not at fault (or not totally at fault). No, they are not allowed to cancel you or raise rates if it was not your fault. Additionally your medical overage will kick in, up to the limits of your policy - normally $2000 to $10000. If your UI limit is low, say $10k to $50k, you really, really (REALLY!) might want to should raise it - it isn't that expensive compared to the benifit. .Also, you can get an "Umbrella rider" for say, $One million that adds extra coverage to most of the policy limits you have. A night in the hospital is north of $15k now. Full body CT scans? Sheeeesh, if you have to ask you can't afford one, much less two!

This comes from personal experience being hit by an uninsured, unregistered driver last year (100% his fault). Oh, and we had the extra coverage. Love my new bike! Not disclosing details, but the difference can be an amazing amount of zeroes! PS Hire an attorney as well, one that has handled similar cases, or you'll leave gobs of cash on the table. 'Nuff said.

JacobWilliss

I understand you better than anyone. There was a similar situation, eventually greetings from the hospital, a broken collarbone and 2 ribs..Thankfully, I had comprehensive coverage with Sundays Insurance. They took care of everything, from fixing my bike to covering my medical bills. It was such a relief knowing I had that extra protection.