Bike Insurance: Make Sure Your Bike is Protected

As Utah’s Bicycle Lawyers, we write about bike insurance a lot. Often, cyclists think of insurance simply as protection for them, not necessarily for their actual bike. But this is a mistake. You need to be sure that your bike is protected in the case of an accident.

Many cyclists invest a lot of money in their bikes. Because of this, they can potentially lose a lot of money after an accident. Insurance adjusters will try to pay as little money as possible for your damaged bike. Bike insurance can help protect you from serious losses after an accident.

Why You Need Bike Insurance

Many people don’t know that car insurance can cover their bike. If you’re an active cyclist, see if your car insurance coverage can extend to your bike. Bike insurance can cover the costs of damages, repairs or replacement that may result from an accident.

You’re required to have:

• Liability Coverage
  • Liability insurance covers injuries and damages a driver may cause to another person if the driver is at fault for the accident. For cyclists especially, it is highly recommended to purchase more than the minimum amount of liability insurance.

We recommend you have:

• Uninsured and Under-insured Motorist Coverage
  • This type of insurance covers you when the driver or person at fault in an accident has little-to-no insurance. We strongly encourage all cyclists to have at least $100,000 of this coverage.
• Bike Insurance for Theft or Damage Not Involving You
  • Some homeowner’s insurance plans cover bike theft. Some companies make you purchase an extension called Special Personal Property Insurance. Items of high value often require this extra coverage. This will insure the safety and coverage of your bike, no matter where it’s stolen from.

Don’t let bike damage add to the costs of any injuries after an accident. Protect yourself and your bike with bike insurance.

Contact us today for a free consultation if you have questions about bike accident laws or insurance policies. We can help you get the compensation you deserve.