Bicycles

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Whether you're a weekend enthusiast or you pedal to work, ride to keep fit or take part in races, we've the answers, including top pick bicycle insurance policies and how to bolster your home insurance to add a bike to it.

Do you cycle to work come rain or shine, warding off cars and buses with a steely glare? Or perhaps you just nip to the shops on your trusty bicycle? Whichever your style, pedal power has its attractions.

For one thing, cyclists can save a lot of money on train fares and petrol, but they can also cut down on pollution and improve their overall health and fitness levels. So what are the downsides?

Bicycles are covered under the personal property section of standard homeowners and renters insurance policies. This coverage will reimburse you, minus your deductible, if your bike is stolen or damaged in a fire, hurricane or other disaster listed in your policy.

If you are purchasing a new bicycle, keep the receipt and add the bike to your home inventory list. If you own a particularly expensive model, call your insurance professional to review your options. He or she may recommend an endorsement that will provide additional coverage.

Bicycling is increasingly popular, both as a sport and as a means of transportation. And bicycles can cost anywhere from several hundred dollars for a basic bike to thousands of dollars for specialized racing bikes.

The good news is that bicycles are covered as part of the contents on your homeowner’s, renter, or condo insurance policy under the contents section of the policy, as long as your contents limit is enough to cover your bike, and as long as there is no exclusion or special limit of liability on your particular policy about bicycles. If your bicycle is covered on your personal property coverage on one of the above-mentioned policies, then it will usually be subject to a deductible.