I'm a sceptic. There's a difference between what your agent tells you
and what the insurance adjuster eventually says. Basically, your
agent is the sales guy... (s)he is going to tell you whatever you
really want to hear.
In the case of my accident, my Quickbeam was destroyed. I'd rebuilt
my bicycle with dynamo, different wheels, Phil rear hub and bottom
bracket, Nitto front / rear racks, Brooks saddle, lights, pedals,
Brooks bar wrap, etc. The adjuster offered $400 for the replacement
value of the bicycle. It took over 40 weeks to come to a more
realistic figure of what the bicycle was "worth." It was one of the
more miserable experiences I've had to go through.
How does one put a value on a bicycle that one cannot go out and buy?
Given the nature of the Rivendell products, how would I place a value
on my Atlantis? How about a custom? How does one go about being
reimbursed for a multi-year wait? How about parts that you cannot go
out and buy?
If you've ever tried to justify your bicycle expenditures to someone
INTERESTED in your bicycle, just wait until you have to try to justify
it to someone holding the checkbook who's job it is to close the claim
for the least amount possible.
Clearly, there could be a better solution similar to specialty auto
insurance that people might use for collector cars.
On Dec 15, 1:59 pm, Jon Grant <jgr...@papagrant.com> wrote:
> In my only actual bike/car collision, I was clearly at fault. I injured
> myself and damaged my bike frame, and the car I hit sustained a dented
> fender and hood, and a crushed windshield. My homeowners policy covered it
> all, though I don¹t remember whether or not I paid a deductible, or how much
> it might have been.
>
> YM definitely MV.
>
> --
> Jon ³Papa² Grant
> Illustration + Information Graphics
> Austin, Texas
> jgr...@papagrant.com
> 512-284-9599
>
> Drawings ‹ all sorts
>
> From: Clayton Scott <clayton...@gmail.com>
> Reply-To: <rbw-owners-bunch@googlegroups.com>
> Date: Tue, 15 Dec 2009 11:37:10 -0800
> To: <rbw-owners-bunch@googlegroups.com>
> Subject: Re: [RBW] insurance for bikes.
>
> What about in the case of a crash (assuming it is my fault). Is there any
> insurance that would cover that?
>
> Thanks,
> Clayton Scott
> SF CA
>
>
>
> On Tue, Dec 15, 2009 at 11:04 AM, Seth Vidal <skvi...@gmail.com> wrote:
> > On Tue, Dec 15, 2009 at 2:01 PM, CycloFiend <cyclofi...@earthlink.net>
> > wrote:
> >> > on 12/15/09 10:11 AM, Seth Vidal at 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?
>
> >> > Renter's/homeowner's should cover it. There may be limits on the policy
> >> > payouts, and pay attention to an specific-item exclusions or limits. But,
> >> if
> >> > you have documented replacement values, it's hard for them to argue
> >> > otherwise.
>
> >> > A call to your agent (if you have one) or to the company might help. I'd
> >> > verbally give them a general list of items ("computers, jewelry, hi-fi,
> >> > electronics, oh, and bicycles, a couple of musical instruments...") to
> >> > confirm nothing is excluded or needs a specific additional coverage
> >> > rider.
>
> > I specifically asked:
>
> > I go to a coffee shop. I ride my bike there. I lock my bike up
> > outside. It gets nicked. What happens?
>
> > He said - $500 deductible and the rest is covered for replacement value.
>
> > thanks for the suggestion,
> > -sv
>
> > --
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