Is My Bike Covered By Renters Insurance?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Was your bike listed among your belongings when you took out the policy? You can check on your policy to see for certain if it is covered, or call your agent. If your bike was stolen from inside of your apartment, or was securely fastened on the complex, in most cases, it should be. If there is anything I can do to help, please feel free to contact me. Thanks for asking!Answered on April 19, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaYour bicycle is normally classified as “personal property” and covered under your “renter’s” policy. This would be particularly true if it is stolen from inside your residence. However, 10% of the limit of your policy extends to your personal property when it is not in your residence, for example in a bike rack in front of Starbucks. The settlement for such a loss is, however, subject to a deductible. If your bicycle is very expensive this could be a valuable coverage, if it is like mine, you might not recover very much.Answered on August 11, 2014flag this answer
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