Im looking to insure my bike throuh a independant insurance(its under the house insurance at the monemt does anyone have any opinions on whether its worth it, or how much it costs any help would be greatly appreciated.
jason
jason
Bike insurance
- Thread starter ukjason
- Start date
Why not keep it under homeowner's insurance?
I checked with our renter's insurance place before we got insurance, gave them the value of my bike, and they said it was no problem.
I checked with our renter's insurance place before we got insurance, gave them the value of my bike, and they said it was no problem.
When I looked into it a few years ago the household insurance was the better deal. Not checked recently though.
Not sure it'd be worth it or even available. Just make sure your renter's or home owner's policy has it covered under "Replacement Value" and not "Actual Value". It costs a little more for that coverage but worth it.
I was told that the Spain and Norway air routes are notorious for "lost" bags so I triple checked with my agent and it is covered without an extra rider. I made sure to tell him the true replacement value too.
He suggested taking photos/video of it in the box/case it's packed in for travel and photos in general to document it should the unthinkable happen.
What I don't really understand is why they want an extra rider for a silly little ~$3K diamond ring but not for ~$20K worth of bikes.
I was told that the Spain and Norway air routes are notorious for "lost" bags so I triple checked with my agent and it is covered without an extra rider. I made sure to tell him the true replacement value too.
He suggested taking photos/video of it in the box/case it's packed in for travel and photos in general to document it should the unthinkable happen.
What I don't really understand is why they want an extra rider for a silly little ~$3K diamond ring but not for ~$20K worth of bikes.
I noticed that, Qman. My girlfriend has a bunch of jewelry that they wanted a rider for, but my bike stuff, which totals out at probably similar to what her jewelry is worth, she just shrugged and said it was fine and it was all covered.
My renters insurance through USAA is replacement value on everything by default. I think you can get actual value, but I only pay something like $15 a month for $50k or so of coverage anyway, so I don't see why anyone would do that.
Man, I don't even know how much coverage I have now, they bump it up for free every year that I don't have a claim, but it started at $35k a few years ago. Guess i should look.
Man, I don't even know how much coverage I have now, they bump it up for free every year that I don't have a claim, but it started at $35k a few years ago. Guess i should look.
Jason in the UK you don't have many options. Householder's is good if you (or more likely your parents) have a good general policy.
However you should seriously explicitly check what it covers. Call them up and have a chat to get some straight answers. Is it new for old? Does it cover damage? Does it cover theft away from your home?
It might not cover some things you want it to, such as theft away from the house.
Aside from that there is a company who regularly put flyers in MBUK who do really good ceverage, but it costs 10% of the value of the bike per year. Ouch!
When I went to Uni I basically had to use that cover. It is very good cover though, even has accidental damage and damage whilst riding. For example if you had a nice set of cranks or forks and broke them whilst riding it would be covered and it'd be worth the excess to claim on them. The only thing you need is to buy a big ass lock of their list of approved locks.
However you should seriously explicitly check what it covers. Call them up and have a chat to get some straight answers. Is it new for old? Does it cover damage? Does it cover theft away from your home?
It might not cover some things you want it to, such as theft away from the house.
Aside from that there is a company who regularly put flyers in MBUK who do really good ceverage, but it costs 10% of the value of the bike per year. Ouch!
When I went to Uni I basically had to use that cover. It is very good cover though, even has accidental damage and damage whilst riding. For example if you had a nice set of cranks or forks and broke them whilst riding it would be covered and it'd be worth the excess to claim on them. The only thing you need is to buy a big ass lock of their list of approved locks.
they said mine is covered under my house insurance at no charge, but i still have to pay the 500 dollar deductable
they just said to keep the reciept , i told him it was worth about 3000 buck and he said that its fine and no problem
they just said to keep the reciept , i told him it was worth about 3000 buck and he said that its fine and no problem
The jewlery may be that a ring is easyier to walk off with at the airlines, as a bike would be hard to just put in your pocket, im just guess thats why though
Some auto companies will also covor your bikes as an extension of your covereage, mine costs me about 10 buck a month more, covors the bike in case of collision damage, falling off rack, etc...