A lot of P&C insurance companies offer something called a personal property floater. This allows you to purchase additional insurance on a particular item. Most commony this type of insurance is purhcased for jewlery, fine art, and furs but it might possibly be able to cover your bicycle.
Another type of insurance that might be worth considering is an "Accident Policy." While most of us are covererd by our major medical coverage there are many indirect costs that aren't often though of (co-payments, deductibles). The accident policy that I am thinking about reimburses the individual for the expenses incurred, regardless of what is covered by your major medical. Since this is a supplemental policy the benefits are paid back directly to you to spend anyway you would like. For as little as $16.00 you could have as much as $10,000 worth of accident coverage. If anyone has any questions, just send me a note offline. -Ty On Mon, Mar 1, 2010 at 7:38 PM, Susan and Kim Kimbrell <[email protected]>wrote: > Joel, > I know this will sound ridiculous but there was a crash that destroyed a > nice bike and after initial refusal to cover it under homeowners insurance > the adjuster agreed to cover it under the "Falling Objects" clause less > deductable. The adjuster must have been a biker to go that far. There was > truth to it since the offending crasher did fall on the bike. This was 15+ > years ago and of course they may be much smarter now. Just call the agent > and get him to tell you what they will cover and ask him specifically about > this event. I was going to insure mine and the "rider" coverage was very > expensive so I did not get it. > > KK > > > > ----- Original Message ----- From: "Joel Weinberger" < > [email protected]> > To: <[email protected]> > Sent: Monday, March 01, 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. >>> >>> -- >>> You received this message because you subscribed to the Gyro email group. >>> To post to this group, send an email to [email protected] >>> To unsubscribe, send an email to [email protected] >>> >> >> -- >> You received this message because you subscribed to the Gyro email group. >> To post to this group, send an email to [email protected] >> To unsubscribe, send an email to [email protected] >> > > -- > You received this message because you subscribed to the Gyro email group. > To post to this group, send an email to [email protected] > To unsubscribe, send an email to [email protected] > -- You received this message because you subscribed to the Gyro email group. To post to this group, send an email to [email protected] To unsubscribe, send an email to [email protected]
