1. Robert Attala LUTCF, PFPPRO
    Agency Owner, A1 Insurance LLC, Arizona, California Agency
    Renters insurance covers your personal property and bike is consider personal property. For examble you have a nice high end bike that cost $1500 it get stolen at the store you must call your insurance compay and file a claim they will deduct your dedutable from the pay out. Good Luck
    Answered on April 11, 2013
  2. David G. Pipes, CLU®, RICP®PRO
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A bicycle is personal property. Renter’s insurance covers personal property. The limits of the policy are stated on the declarations. Inside the policy there is a paragraph that describes the reduction in limits for personal property that is not on the premises at the time of loss. Even with this reduction most renters’ policies provide enough coverage to cover the loss of a bicycle. The adjustment, however, will include a reduction for the deductible. Check the deductible on your policy. If the deductible is greater than the value of your bicycle you will probably be unable to recover the cost of the bicycle.
    Answered on May 1, 2015
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