No insurance will cover racing/rallies/weekly rides. Some wheel manufacturers
will give crash replacement assistance and even warranty under the right
circumstance. You are on your own for bike/parts replacement -- unless you go
to court. One exception is if a car hits you - the car drivers insurance will
cover your loss. There are other possible ways to recover your loss but for the
most part you are on your own. This is why you want to ride with
safe/experienced cyclists.
Gary Smith
TLC for Bikes
-----Original Message-----
From: Joel Weinberger <[email protected]>
To: [email protected]
Sent: Mon, Mar 1, 2010 12:19 pm
Subject: Re: [Gyros: 14958] Important Club Business
Speaking of insurance, does anyone know about damage coverage for bicycles?
According to my homeowners policy, my bikes are only covered for theft, damage
due to fire, etc. and was wondering if there was anything out there that was
sort of like auto insurance.
----- Original Message ----- From: "Tony" <[email protected]>
To: "North Raleigh Cyclists (Gyros)" <[email protected]>
Sent: Monday, March 01, 2010 11:15 AM
Subject: [Gyros: 14957] Important Club Business
> Well, the way it was told to me is that the insurance is for bodily or
> property damage due to the negligence of a rider or riders during a
> club ride. An example would be hitting a mailbox or causing a car
> accident where someone is injured. Of course, a car accident caused
> by our negligence would have to be proved because most of what we see
> is negligence on the part of drivers.
>
> The waiver is to cover each other just as it would be when you sign a
> waiver for any of the charity rides. I guess you could say it's to
> protect us from ourselves.
>
> I am not aware of any secondary medical insurance but that does not
> mean that it dosen't exist.
>
> Hope that helps. Any further questions, we can redirect to the
> insurance company.
>
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