For National Bike Month, here’s the scoop on insurance


NBM 2014May is National Bike Month, time to pull the bicycle out of the garage if you haven’t already. This year, consider participating in the National Bike Challenge — a great way to get connected to other bike-friendly — and bike-curious — folks in your community and across the country. Join the challenge at any time as an individual or form a team. The Challenge runs May 1 to September 30, 2014.

As with any other valuable property, you need to think about protection. The Insurance Information Institute has a short video about insurance coverage basics for your bikes.

“Bicycles are covered under the personal property section of standard homeowners and renters insurance policies. This coverage will reimburse you, minus your deductible, if your bike is stolen or damaged in a fire, hurricane or other disaster listed in your policy.”

For most casual bicyclists, this coverage will likely be be sufficient. Professional bikers and avid hobbyists with high-end bikes may want to add coverage: Bicycle insurance: A rider may want a rider. There are also some specialty insurance programs available in some states. If you have special needs or concerns, we recommend a one-on-one conversation with your independent agent to determine whether your current coverage is good for your needs or if you should have some supplemental coverage.

The Insurance Information Institute also has advice on bicycle safety, including tips for locking and securing your bikes and observing basic safety when riding. They also suggest looking into enrolling in the National Bike Registry.