I have a colleague at work who has a rider on his homeowner's policy which specifically insures his bikes (he has three high end bikes) against theft. This colleague has had several bikes stolen and always gets satisfaction from his insurance carrier (unusual in my experience). His carrier is State Farm.
The last time he was separated from one of his bikes, he replaced it with a particularly nice bike built to his specifications including a Rohloff hub. The bike that was stolen was an older full suspension Gary Fisher (probably cost $2 - 3K new). This colleague lives in San Francisco. I do not believe the latest bike was stolen from his residence - otherwise they probably would have taken one of his other steeds - the Gary Fisher is not his nicest. As I recall, the rider to his policy cost something on the order of $100 - $200 per year extra. I think the rider must provide for replacement cost. I'm sure he had to pay his deductible - but that is probably minimal. My experience with claims adjusters is much closer to Ken's. After a fire destroyed our house, we had a long fight with the adjusters about what they would pay. It eventually came down to what you replaced. If you did not replace something - they might agree on the price you claimed (all my data was checked against receipts and/or the web) - but they would counter that by depreciating the item so much that the original value was insignificant (sometimes we only got 10 cents on the dollar). If you replaced something, you usually got reimbursed for the full replacement price up to the policy limit. I don't think Ken is being cynical. Ken was clearly harassed by a claims adjuster who mistook holding the line on claims fraud (not that Ken's claim was in any way fraudulent - just that insurance companies tend to see fraud or the potential for fraud in many places) as good customer service. Please excuse the long rant. Corwin On Dec 15, 10:11 am, Seth Vidal <skvi...@gmail.com> wrote: > Does anyone know of an insurance company that offers insurance for > bikes stolen when you're out in the world? Theoretically my > homeowner's policy would cover it but I really don't want to test that > and not know. So I'm curious - can anyone think of a company that > explicitly offers bike-theft insurance? > > thanks, > -sv -- You received this message because you are subscribed to the Google Groups "RBW Owners Bunch" group. To post to this group, send email to rbw-owners-bu...@googlegroups.com. To unsubscribe from this group, send email to rbw-owners-bunch+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/rbw-owners-bunch?hl=en.
