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.

Can we claim insurance if bike is stolen?

If your stolen bike is recovered, you’ll not get any amount of claim from your bike insurance provider. If your bike was under a loan, your insurance provider will reimburse the amount of payout to the financer of your bike and you must pay the remaining amount.

Does homeowners insurance cover theft away from home?

Typical homeowners (including renters and condominium) policies include coverage for your personal property. Loss due to theft is generally included as part of the personal property protection. Most policies also include coverage for your property while it is away from the home, subject to limitations.

How do you prove a stolen bike is yours?

Record your serial number and place it in the file. Other documentation in the file should include a receipt for the bike. Even if you are buying a used bike, ask for a receipt. If you don’t have a receipt for a bike you already own, repair receipts may serve as evidence of ownership.

Do I need to insure my bicycle?

Whilst cyclists are not legally required to purchase insurance, there are policies available. Popular insurers include Yellow Jersey, Cycle Guard and PedalSure. Though the majority of policies include Third Party cover, most are largely focused around covering the bike rider, and their property.

Do I have to pay excess if my bike is stolen?

The best-case scenario if your bike is stolen when it should be garaged is that you’d have to pay an extra excess. Not all insurance companies have the same definition of what counts as a garage. So, if in doubt, chat to the insurance company beforehand.