Do You Need Bicycle Insurance?

A separate bicycle insurance policy can provide better protection for your bicycle. While it is true that personal property coverage provided by homeowners insurance may cover bicycle theft, some homeowners’ plans may have limited coverage limits for sporting goods equipment. Bicycle owners may be responsible for the majority of the expense of replacing their bikes because of a low coverage limit combined with a large deductible.

If you ever need to submit a claim, you might be surprised to learn that your existing policy has exclusions and restrictions. And that it limits how much you can collect for your damaged or stolen bike in terms of replacement costs. That is how you will understand the importance of bicycle insurance.

Bicycle Insurance Basics

Bicycle insurance may not be a requirement for some. Still, it requires people who use bicycles as a mode of transportation and regularly recreational activity. When the weather gets warmer, many people look for ways to spend time outside—getting on a bicycle and going for a ride is one of these options. With school starting in a few weeks, a bicycle may become the primary form of transportation.

Cycling has numerous advantages, whether for leisure, traveling around town, or getting to work. Aside from the health benefits, it is sometimes easier to obtain parking for a bicycle than for a car in many places. Access to roads, bike lanes, and rural trails has also improved, making it easier to travel around. Furthermore, increasing bicycle riding helps to minimize air and noise pollution, as well as growing traffic. Accidents can still occur due to collisions, theft, or natural calamities. You should get bicycle insurance, especially if you or your family owns bicycles.

Understanding Motorized Bicycle And Bicycle Insurance: What Is A Motorized Bicycle?

A motorized bicycle is a bike with an attached power and transmission that you can use to either operate the vehicle or support it with pedaling. Furthermore, depending on speed capabilities, engine power, and state laws where you ride it, a motorized bicycle can have either a gas or electric engine and be classified as a moped or motorbike. For a powered bike with a top speed of 30 above mph, you should have a driver’s license, registration, and bicycle insurance.

Each state has its own set of rules and regulations regarding motorized bicycles. You must become familiar with your state’s limitations so you may enjoy your ride without fear of breaching any motorized bike laws. Obtain bicycle insurance right away!

Motorized Bicycle and Bicycle Insurance FAQs

  • Are Electric Bikes Considered Motorized?
  • An e-bike is treated the same as a regular bicycle under California law, with a few exceptions. In California, e-bikes must be operated like traditional bicycles and should not classify as motor vehicles under the California Vehicle Code.

  • Is a Bicycle License Required?
  • Many states consider bicycles to be vehicles, having all of the same rights and responsibilities as any other vehicle regarding traffic laws and regulations. To answer the question briefly, you do not require a license to ride a bicycle.

  • Do Bicycles and Cars Have the Same Rights?
  • The California Vehicle Code sets out the rules regarding where and how to operate bikes. For the most part, Bikers have the same rights and obligations as motorists.

  • What Are The Different Bicycle Insurance Options?
  • Bikes are most commonly under the protection of home insurance. According to a BikeRadar poll conducted in April 2016, 75% of those who cover their bicycle are through their home insurance. However, compared to specialist bicycle insurance, insuring your bike on your home insurance has disadvantages, especially for dedicated cyclists.

What Is Specialist Bicycle Insurance, And What Does It Cover?

Bicycle insurance coverage for dedicated bikers is a specialist bicycle insurance policy. We’ll start by going over each of these, explaining what you should be aware of, and comparing the benefits of specialty bicycle insurance to standard insurance products like home insurance. You can purchase insurance to cover almost any scenario. Still, for cyclists, the following are the primary areas that will be under specialist bicycle insurance that will not be under the coverage of home insurance:
  • Families and houses with multiple bicycles.
  • Damage to the racing kit during competition/racetracks.
  • Race fees are forfeited if a biker did not finish the race.
  • Extra bicycle accessories
  • Cycling attire
  • Coverage for minor to major bodily accidents.
  • Public liability if you injure someone else.
  • Emergency roadside assistance.

Motorized Bicycle and Bicycle Insurance Tips: Keep Yourself Safe While Riding

Of course, your safety is more important. According to the National Highway Traffic Safety Administration, bikers should follow the following guidelines:
  • Keep your head protected.
  • Never ride a bike without a helmet that fits properly.

  • Check for bike condition.
  • Ride a bike that fits you well and inspect all of the bicycle’s components to ensure they are secure and functioning correctly.

  • Understand and follow the road rules.
  • Bicycles are considered vehicles on the road, and riders must adhere to the same traffic laws as motor vehicle drivers.

  • Act as a driver of a car.
  • Always ride in the direction of traffic and as far to the right as possible.

  • Make yourself visible.
  • Always assume that others are not seeing you and that you are responsible for making yourself visible to automobiles, pedestrians, and other bicycles.

  • Maintain your attentiveness.
  • Never wear headphones since they make it difficult to hear traffic. Ride defensively and be aware of your surroundings.
Get a quote today and start getting your bicycle insurance now! We can customize your policy to fit your needs. Contact one of our experienced agents and they will assist you.

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