Are Bikes Covered by Renters or Home Insurance?

We have some news for you

Stylish shot of a black bicycle

We heard you have a sweet bike, and you also aren’t sure if it’s covered by the insurance you already carry.

The obvious great news is that you’re a cyclist with a bicycle! The good news is that your renters or homeowners insurance might cover some aspects of your cycling enthusiasm. The bad news is that it’s not as much as you’d hope. The even-more-bad news is that you risk raising your rates if you make a claim.

No need to worry just yet because we have a plan, and it’s affordable.

What Does Homeowners Insurance Cover?

There are unmistakable benefits to having renters or homeowners insurance. But when it comes to protecting your bicycle, those policies probably aren’t going to cover a whole lot.

Before we get into this, we’d just like to say: Of course not all policies are the same and coverage varies from insurance provider to insurance provider. When in doubt, review your policy and ask your homeowners insurance company what they do cover. But in the meantime, here’s a quick rundown.

Tiny toy house with keys next to it

You might have limited coverage if your bike, or electronic bike (e-bike), is stolen from your home or apartment. There’s also a small chance you’ll have limited coverage if your bicycle is stolen out of your car or otherwise away from your home. In any case, it’s unlikely that you’ll receive benefits equalling the total value of your bike from these providers.

In cases of personal liability, your renters or homeowners policies may cover you in full. This largely depends on your policy and the specific incident, and you probably won’t receive coverage for associated medical costs.

As a cyclist, you likely have riding gear and apparel, locks, and spare parts. It’d be wise to not count on your existing policies to cover these should something go awry.

If you’re a rider who participates in races, you’re almost certainly not going to receive event fee coverage in case of damage or theft impacting your ability to competitively cycle. If you need a rental bicycle between repairs or replacements because of a covered incident, you’ll likely be paying for that out of pocket as well.

Plus, if something does happen to your bike and you make a claim, there’s a chance your rates could go up.

Now what if we told you there’s another type of insurance that could cover all of this? And what if we told you it was affordable?

We’re so glad you asked! Bike insurance is a magical thing so get ready to have your mind blown.

Pro tip!

Now would be a good time to put on your thinking helmet

It’s true that renters and homeowners insurance may cover some things related to your bicycle. But these types of insurance aren’t built to accommodate the cycling enthusiast’s lifestyle. Whether for sport, adventure, or transportation, for many cyclists, your bike is your passion.

Bike insurance is an easy way to insure your lifestyle and protect your most precious assets. Let’s take a look at what our bicycle insurance policy would get you:

We’ll give you a moment to take this all in, we know it’s a lot.

All joking aside, there just aren’t a ton of bicycle insurance providers in the United States. And it’s legitimately a hassle to find affordable, accessible coverage that’s also simple.

Finding the right bicycle insurance provider is like finding a needle in a haystack. And we don’t like needles. We like bikes.

We get you. We also get that cycling is more than riding a bike. Get a quote in just a few minutes or send us a message if you have questions. We’re ready to help.

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