Tip of the Month
Bike Insurance
Did you know that bicycles are not covered by your car insurance policy but are, in fact, covered under your house or tenant insurance? The usual coverage for bikes is up to a value of $1,000 so if the replacement value of your trusty steed is more than $1,000 you'll need to have a special rider attached to your insurance policy. This rider will detail the make, model, serial number and value of the bike or bikes. It will cost a few dollars extra per month for the additional coverage, but will be well worth it in the event of theft or damage to the bike. Apparently though, the coverage does not extend to when the bike is used for racing.
