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Yep, my car insurance covers liability, just like my bicycle insurance policy.
I suggest you try to get a quote from any large insurance company.
Geico , AllState, StateFarm, Progressive and then let me know where you DO NOT have to leave an email in order to complete the quote form. You will have to leave your e-mail in each and every quote with any insurance company. I work in a financial company, trust me, all insurance companies require your email - because this is where they will send your quote.
With that being said , you dont have to purchase anything from anyone, if a company asking for your email seems too sleazy for you (in 2014 when you can get a disposable email address in 5 seconds just to receive a quote, lets say on http://mytrashmail.com/ ) - then you probably should not bother ever insuring anything if leaving an email scares you (no irony, I dont like to leave my data anywhere myself, but I believe insurance company quote is not the case for that).
I got my bike covered with Velosurance, very happy with them. Im saying "happy" because I got to use them after I was racing and was a part of a multi-bike collision : I had to get a stitches which did not bother me that much , by my Cervelo P5 was completely totalled (frame broke). I got my check in 5 days , they paid for EVERYTHING except my deductible.
I also spoke to their rep multiple on the phone prior to buying it because i have to pay $697 a year for my insurance and I wanted to check their customer service which was outstanding.
I found nothing sleazy about them :
1) They dont give simple rates simply because it is very hard to do : rates vary on multiple factors just like car insurance : value of the bike , make of the bike, zipcode(state that you live in , car insurance in NYC is 2 times more expensive for the same car than it is in Florida , so what would be the sample price here ? )
2) You dont have to call for a quote, you can get a quote in 5 seconds just by filling out their quick form on the homepage http://velosurance.com
Well , at least I did not have to call for a quote , I got all I needed online, called them later with some questions specific to what I am doing (racing overseas sometimes, so I was wondering if my bike was covered overseas)
3)I work in finances and know smth about insurance concepts to address your last bullet point : S-Works Venge is a $8500 dollar bicycle and Scott Plasma 3 is a 9000 dollar bicycle , together we have almost 18,000 in bikes.
I got a car, mazda3 from year 2007 that I drive in New York. I bought it for 6,000$ in cash. I pay 330/mo in car insurance = 3960$ a year on a $6,000 car that is now worth 4,000$ just because it gets older and depreciates
I think it is not a bad deal insuring 18,000$ worth on bikes for 1200/year versus insuring a piece of junk mazda 3 for 3960/year given that I spend more time on my bike than in my car?
I may sound biased and I was hesitating alot before insuring my p5 but i was like "Thank god I insured it" after the accident.
My bike : Cervelo P5(around 12,000$) and I pay 58$/mo (697$ / year) to insure it.
AlexG wrote:Hello, I am a newbie but I believe it is the right section of the forum to post this question.
I wonder if anyone has insured his bike with a stand-alone policy? I have 2 bikes , a road bike ( Cervelo R3 ) and a mountain bike ( Giant Anthem X29 ). Both bikes are relatevely new and I am afraid they might be stolen since bike theft rate is high in my neighborhood. I am currently keeping them in my backyard chained to a fence. But the backyard is very easy to get into. I have a renters insurance policy and I am going to call them with a couple of questions I got about the coverage.But are there stand-alone bike insurance policies available on the market, that will cover my bike no matter where it is and no matter what happens to it?
I've got Insurance through Markel. If you're a member of USA Cycling you get a slight discount too.
http://www.markelinsuresfun.com/bikesite/I race so I got it in case a crash is bad enough to ruin my bike.
Found some reviews and info on another forum here:
http://forum.slowtwitch.com/cgi-bin/gfo … st=4457654
Thanks for the information. I made my research and looks like there are 3 popular insurance companies. Markel, Velosurance, Spoke Insurance. Interesting thing here is that Markel Corporation (the one you have insurance policy with) underwrites policies of Velosurance Bicycle Insurance, according to their wiki page
I submitted forms to get quote to all three with the same data and the cheapest one was Velosurance (weird but fact), then Markel then Spoke. So I bought the policy from Velosurance.
Hello, I am a newbie but I believe it is the right section of the forum to post this question.
I wonder if anyone has insured his bike with a stand-alone policy? I have 2 bikes , a road bike ( Cervelo R3 ) and a mountain bike ( Giant Anthem X29 ). Both bikes are relatevely new and I am afraid they might be stolen since bike theft rate is high in my neighborhood. I am currently keeping them in my backyard chained to a fence. But the backyard is very easy to get into. I have a renters insurance policy and I am going to call them with a couple of questions I got about the coverage.
But are there stand-alone bike insurance policies available on the market, that will cover my bike no matter where it is and no matter what happens to it?
Compared to my LBS and looks like REI has a better deal, by 10$. Getting myself a Vaude bag
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