Before founding Velosurance and with 15 years selling home/renter insurance we never had a happy client when there was a bicycle claim. With very few exceptions, home/renter insurance companies just don’t understand high value bicycles. Velosurance would not exist if home/renter insurance companies did a good job insuring high value bikes. We are licensed and sell bicycle insurance in 45 states, and the table on our website is based on the general average of coverages available from homeowner/renter insurance throughout the US.
The most important coverage available to a cyclist through his or her owned auto insurance policy is medical provided by PIP and UIM. Always carry high UIM limits on your car insurance. In most states a cyclist owned auto policy does not cover physical damage to bicycles owned by the cyclist and carried on or in the cyclist insured auto.
We understand that insurance is not for everyone, but for the rest of us Velosurance covers (without depreciation) anything accidental (including theft) that can happen to your bike at any time, anywhere in the US & Canada (and world wide if requested). We removed the need to cobble together doubtful coverages from various policies by providing a stand alone bicycle insurance policy designed strictly for the specific needs of riders. Cheers! Dave