Bicycle Insurance Coverages and Claims
Uninsured and Underinsured Motorists
Uninsured and underinsured motorist coverage is an optional coverage that may be purchased as part of one’s automobile insurance policy. Uninsured motorist coverage provides a source of recovery when an injury is caused by a negligent or reckless driver who is not insured. Underinsured motorist coverage provides an additional source of recovery when an injury is caused by a negligent or reckless driver who is not adequately insured.
Personal Liability Insurance
This coverage allows cyclists protection if their negligent or wrongful conduct harms or injures someone else. This type of coverage may be available through a homeowners policy, renters policy, or umbrella policy.
Stolen or damaged bicycles are also often covered under a homeowners insurance policy or renters insurance policy. However, expensive bicycles may require a rider and/or additional coverage.
Bicycle Specific Insurance
Bicycle specific insurance allows certain types of coverages for cyclists that would not otherwise be available. For example, it allows cyclists who do not own an automobile to purchase uninsured and underinsured motorist coverage. Other coverages available include coverage for liability, bicycle theft and damage, medical payments, and trip interruption. Unfortunately, this coverage is not widely available. However, all of the coverages available through a bicycle insurance policy may already be available or purchased through other insurance policies, such as homeowners insurance, renters insurance, and automobile insurance policies.