A good agent isn't merely a salesman. How do I know? I was a good agent and
knew many of them who also were good ones. Besides, no agent wants to face a
due diligence lawsuit or complaint to the Insurance Commission.
Your home or renter's insurance will not cover accidents. If you have an
accident and the other party is at fault, then (1) if he has insurance, his
property liability will cover it. If (2) he does not have it, or has too
little, your own auto Uninsured/Underinsured coverage will cover it.
If you know how to talk to an adjuster, you will get your money's worth --
at least, if the company is a reputable one: Hartford, Progessive, Travelers
and the other prime companies I now gleefully forget. Your bottom feeder
companies are often amenable to a letter saying, in effect: "I think $XXXX
is fair. I have given good reasons why it is fair. if you want to jerk me
around, I will hire a lawyer. If I hire a lawyer, then you can pay $XXXX
PLUS my lawyer's fees. Have a nice day. Sincerely yours, etc."
On the two occasions I've had to claim for bicycle losses -- one a theft,
the second an accident -- I got full and prompt settlement -- heck, even
made a bit on the deals.
On Tue, Dec 15, 2009 at 1:18 PM, Ken Yokanovich <
reflector.collec...@gmail.com> wrote:
> 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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--
Patrick Moore
Albuquerque, NM
For professional resumes, contact
Patrick Moore, ACRW at resumespecialt...@gmail.com
(505) 227-0523
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