You can get bike insurance with your home owners-damage during a race is excluded. You can check with your agent or mine.
Better yet, be safe and don't crash. Hal _____ The cost to insure the bike on a "personal item floater" would run $9.35 per $100 of value with no deductible. I'm checking on any exclusions, (racing) and will get back to you as soon as I get the info. Would also like to talk to you about last night if you have the time or desire. Steven Odrezin, CLTC, CWCA Bagwell & Bagwell Insurance Home, Auto, Life, Disability, Long Term Care, Business & Health Insurance 919-832-6667 ext. 113 919-532-3551 fax 919-673-6037 mobile _____ From: Hal Marcus [mailto:[email protected]] Sent: Tuesday, March 02, 2010 3:50 PM To: Steven Odrezin Subject: Accident insurance Steve, Do you know anything about this type of insurance? Hal _____ 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 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 -- 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]
