Bike Insurance
10-03-18, 11:23 AM
#1
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Bike Insurance
What do you guys do about bike insurance? My new bike (a CAAD12) is valued less than my homeowners' deductible and reducing the deductible wouldn't make economic sense. My insurance company (USAA) doesn't offer separate bike insurance and the item cannot be added to the valuable personal property policy.
Are there other options?
Are there other options?
Last edited by Robert A; 10-03-18 at 11:34 AM.
10-03-18, 11:27 AM
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There's company called Big Ring Insurance that insures bikes. I had mine insured through them when I traveled with my bike a lot. It was only about $9/month. You might look into that.
10-03-18, 11:30 AM
#3
Pizzaiolo Americano
Call your insurance company. Some if not most insurance companies offer riders for different types of things and the deductibles are usually adjustable for each type. For example, my HOI has a 750.00 deductible. I have a rider for my firearms. The deductible for those is 250.00 and the rider only costs me about 100.00 a year. . I say all this to say, call your insurance company and ask what they can do for you.
10-03-18, 11:34 AM
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Call your insurance company. Some if not most insurance companies offer riders for different types of things and the deductibles are usually adjustable for each type. For example, my HOI has a 750.00 deductible. I have a rider for my firearms. The deductible for those is 250.00 and the rider only costs me about 100.00 a year. . I say all this to say, call your insurance company and ask what they can do for you.
10-03-18, 11:36 AM
#5
Pizzaiolo Americano
10-03-18, 11:38 AM
#7
Pizzaiolo Americano
I have mine added to my USAA? It may be because they are covered on my rider since I am overseas and my HOI is for my house in the States? I'd call again. You will get a different rep and may get a different answer. USAA is terrible for this. In fact, I am going back to State Farm when I get back to the US...
10-03-18, 11:52 AM
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USAA simply won't cover it with a separate deductible. I've been through this several times. They once allowed me to add a bike to the VPP policy but that's because it had classic/vintage value. Nowadays, only jewelry and cameras can be separately insured.
