Last week I had the opportunity to speak with Brian McCann, Co-Founder of Simple Bike Insurance, to learn more about the bicycle insurance products they offer.
While I cannot say purchasing bike insurance is for everyone - especially those who ride a lower end bike, infrequently ride, or are otherwise covered under an automobile UM/UIM policy - Simple Bike Insurance has three product categories that should appeal to the serious cyclist:
Bike Coverage
Bicycle physical damage insurance protection: Covers repairs or replacement of your bike if it is damaged or goes missing. You choose the value of your bike and Simple Bike Insurance can cover things like vandalism, crash damage, or a collision with another rider. Simple Bike Insurance even offers insurance protection to you while racing. Deductibles range from $200 to $500.
Worldwide physical damage protection: Simple Bike Insurance also offers worldwide physical damage insurance protection for when you travel outside of the US/Canada with your bicycle.
Rider Coverage
Bicycle liability protection: Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $100,000.
Vehicle contact protection: This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses.
Medical payments: Cover your medical costs if you are injured while riding–up to your policy limit. Limits range from $1,000 to $10,000. This is particularly useful if you have high deductible medical insurance or no health insurance at all.
Roadside assistance: With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown–all for only $12 a year per bicycle.
Special Protection for Competitive Cyclists
Rental reimbursement: Simple Bike Insurance offers coverage for renting a substitute bicycle if your bike is damaged or stolen while you are away from home and participating in an organized ride—up to $250 per occurrence.
Competitive event fee reimbursement: Helps cover non-refundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered crash, and you are unable to compete or participate.
I know there are other bicycle insurance products on the market and you should do your research to determine what product and company is right for you. Brian was simply kind enough to educate me on what Simple Bike Insurance offers and I wanted to share that with you.
If you want to learn more, check out Simple Bike Insurance at https://simplebikeinsurance.com
If you have sustained an injury in a bicycle crash, please contact Scott for a no cost, no obligation consultation and case evaluation.