Home Glossary Contact Us  
   
 
 
 
News Back
 
Protecting your bike from theft

The National Bike Registry estimates that one million bicycles are stolen each year in the U.S. and only a small percentage of them are ever recovered. The annual cost to American families is more than $200 million.
 
The following tips can help lower the risk of having your bike stolen:

Lock your bike.
Unlocked bicycles are an open invitation for thieves. Whenever you are not riding your bike, it should be locked, even when it’s in your garage.

Don’t skimp when buying a lock.
Most cable locks are easy to cut, so purchase the best lock you can afford.

Lock your bike correctly.
Lock both wheels and the frame to a post, pole or bike rack.

Register your bike with local police.
The police are able to recover bikes quickly if they are registered in advance and have the appropriate information including make, model, color and serial number. You can also register your bike with the National Bike Registry, a national database which helps recover stolen bikes.

Bicycles are covered under your homeowners or renters insurance. However, there is usually a $250 - $500 deductible. Your homeowners or renters policy also provides liability coverage in the event of a collision that results in injury to another person. There are no deductibles for liability claims.

Once you purchase a bicycle, keep the receipt for it and any accessories you add. Also, take photographs of the bike. Store these documents off-premises and alert your insurance professional to your new purchase.

If you own an expensive bike, consider purchasing a floater. This will provide more coverage than a homeowners or renters policy. For instance, in the event of an accident, a floater covers the cost of bike repairs. A floater costs approximately $9 for every $100 of the bike’s value and there are no deductibles.

 
 
Find an Agent
Enter City Name:
Useful Links
Homeowners Insurance
Auto Insurance
Life Insurance
Health Insurance
Free Insurance Brochures
Glossary
Recent News
 
In a “Rent to Own” Situation? Get Condo Rental Insurance
The Presidential Memorandum Regarding Hospital Visitation and Decision-Making
Homeowner Insurance Overview - What You Need To Know
Homeowners and Renters Insurance - Don't Take Chances With Mother Nature
Study: Gay marriage bans lead to lack of health insurance
The Gay Ghetto Top 10 for 2008
Reasons For Home Insurance
Homeowner’s Insurance Puzzles: Is This Covered?
Insurance Professionals Dedicated to Serving You!
Auto Insurance for your kids
Archive
 
November, 2010
June, 2010
February, 2010
January, 2010
September, 2009
August, 2009
July, 2009
June, 2009
May, 2009
April, 2009
March, 2009
February, 2009
January, 2009
December, 2008
November, 2008
More
 
 
FAQ | Agents Join | Agents Login |  Link Partner | Privacy Policy | Terms of Use
Copyright © 2017 Gaysurance.com