Insurance for your bikes

PB Forum :: Canada - Atlantic
Insurance for your bikes
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flag harogod
Posted: Apr 12, 2009 at 13:58 Quote
looking for other riders that hav their downhill rigs insured.in saint john there is a 1000 cap on bike payouts.they have a deal for $5 for every hundred dollars insurance so its about 350 per yr to insure 1 bike for 1 yr..ooow.got any ideas or companies that help??
flag croy30
Posted: Jun 16, 2009 at 9:50 Quote
I just insured my 2009 Giant Reign X2 with my insurance company. It only cost me $50 for the year, however there is a $1000 deductible.
flag vwcabrio82
O+
Posted: Jun 23, 2009 at 17:44 Quote
did mine through my tennant insurance they will only cover 70% of proven value.
so this means that i got a deal on my bike and only paid 1500 they will only cover it for a total of 1050$ + there is a 500 deductable. it cost me an additional 25.00 per year. so i guess its kinda useless.. 1050-500-25= 525 payout.

plus if i leave it insured for lets say 3 years. thats an additional 75 taken off. so i am down to 450.

well i guess i could put that towards a new fork!!
flag croy30
Posted: Jun 23, 2009 at 19:52 Quote
vwcabrio82 wrote:
did mine through my tennant insurance they will only cover 70% of proven value.
so this means that i got a deal on my bike and only paid 1500 they will only cover it for a total of 1050$ + there is a 500 deductable. it cost me an additional 25.00 per year. so i guess its kinda useless.. 1050-500-25= 525 payout.

plus if i leave it insured for lets say 3 years. thats an additional 75 taken off. so i am down to 450.

well i guess i could put that towards a new fork!!

Mine is covering my bike which was $2500, then I will lose $1000 off the price due to deductible. $1500 is better then nothing if something ever happened to my bike.
flag DHripper1
Posted: Jun 23, 2009 at 20:05 Quote
I don't know much of the details but my bike is insured for $6000 and I only pay $12 a month, so $144 a year. Im pretty sure that it is insured through the house or something. Parents set it up and I pay.
flag me2menow
Posted: Jun 23, 2009 at 20:07 Quote
what are sites/ companies for this "in-shu-rance"?
flag erik74
Posted: Jun 23, 2009 at 20:10 Quote
my mom said once she gets a job (she was a housewife, went back to school, yada yada yada, got remarried), that she'll talk to her insurance people and set up something for my bike, and she'll pay. though im covered under house insurance, my mom figures she'll ensure that my baby is safe since my step-dad isnt the best with this stuff (and gives shit all about my bike). o shit...just remembered, the shop has had my receipt for like a month due to warranty stuff...that might not be good...
flag snl1200
O+ FL
Posted: Jun 23, 2009 at 20:14 Quote
I had mine insured for $5000 through BCAA as a scheduled item on our condo insurance. It cost about 150$ a year to insure. My bike got stolen in April and they replaced it with a bike worth more than the original and all I had to pay was a $200 deductible. Still sucks to know that some cruddy kids fingers are all over my straightline levers but without insurance it would have REALLY sucked!
flag popp
Posted: Jun 23, 2009 at 20:27 Quote
my bike got stolen when i was camping and my house inturance payed $700 for a 05 p.2 that was 3 years old
flag vwcabrio82
O+
Posted: Jun 24, 2009 at 2:42 Quote
snl1200 wrote:
I had mine insured for $5000 through BCAA as a scheduled item on our condo insurance. It cost about 150$ a year to insure. My bike got stolen in April and they replaced it with a bike worth more than the original and all I had to pay was a $200 deductible. Still sucks to know that some cruddy kids fingers are all over my straightline levers but without insurance it would have REALLY sucked!

this is the best ive heard of... mine is through allstate. the max they will insure a bike for is 5000, but you gotta have a reciept for that and not replacement value.
flag freddiehunter
Posted: Jun 24, 2009 at 2:54 Quote
insurance for a bike is only neccisery if u live in a rough part were bikes get stolen or if its worth over 5grand which myn arnt its cheeper just to pay for replacment parts ur self
flag vwcabrio82
O+
Posted: Jun 24, 2009 at 3:50 Quote
i live in a pretty high traffic apartment building. there is a real fear of breakins especially since i am on the ground floor too...

however i agree ^ at this cost not really worth the money involved.
flag darren-nb
Posted: Sep 22, 2009 at 17:59 Quote
I think I'll just get a leg shackle and chain the thing to my leg. lol
D
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