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May is National Bike Month – Do You Have Insurance Protection?

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May is National Bike Month, the great possiblity to acquire more exercise, save the gas and live a bit greener. When you hit the path, you’ll want to know safety rules and how your insurance could be affected in case of a loss.

What if my bike is stolen or damaged?

Bicycles are covered beneath the personal property part of a normal?homeowners or?renters policy. This coverage will reimburse you (minus your deductible) if your bike is stolen or damaged in a very disaster mentioned in your policy.

What merely injure someone while riding my bike?

Homeowners and renters insurance provide liability protection. If you decide to injure someone in the bicycle accident plus they attempt to sue, you’ll be under control for a policy limits. You really should consider purchasing a supplementary layer of liability protection by using an?umbrella policy.

Do I have to add my bike to my policy?

When you acquire a bike, it’s likely that you’re choosing a large amount of gadgets to match it (helmet, pump, lights, clothing, etc.) These accessories increase and may be a part of your insurance. Call your insurance broker to notify them of your purchase. In the event you own a high-priced racing bike, you should have an endorsement on your homeowners policy.

Reduce your risk using these bicycle safety tips:

  1. Obey traffic signs and signals
  2. Never ride against traffic
  3. Follow lane markings
  4. Don’t offer the suitable
  5. Scan the highway behind you
  6. Wear a helmet and never ride with headphones
  7. Use hand signals
  8. Make eye contact with drivers
  9. Use lights through the night
  10. Keep bike in good repair

For more info and safety tips, visit?the NHTSA website.

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