bike insurance

[Zaskar]

i need to know...

1) who do you deal with
2) where/under what situations is it covered
3) how much money do you pay to have it covered
4) how much is it covered for

i'm having a discussion with my dad about it...

Cam.

[big_hit_biker]

I don't have any so I lock my bike around my leg when I am not using it.

[IFO]

i belive its about 100$ per 1000$ of coverage per year.....

so a 6000$ bike would cost around 600$ a year....also most policy's only cover the one bike.....

so if u had several insurance would cost u a shit load each year....

[Ajax]

I just found out about this today. BCAA called my house today to find about our house insurance. So we found out that it would cost about 80 bux a year for a bike that costs more than 200. No deductable either.

[mr_fungle]

Actually, it is usually $5 per $100, but some places as low as $3 per $100 (Johnston Meier Insurance/Vancouver), so a $5000 bike would be $150 - $250.

[Zaskar]

Originally posted by IFO
i belive its about 100$ per 1000$ of coverage per year.....

so a 6000$ bike would cost around 600$ a year....also most policy's only cover the one bike.....

so if u had several insurance would cost u a shit load each year....

and where is it covered?

[Zedbra]

you are supposed to insure it BEFORE it is stolen. FYI - mention that to dad

[Zaskar]

Originally posted by Zedbra
you are supposed to insure it BEFORE it is stolen. FYI - mention that to dad

oh i did.

get this...

my dad insures my bike. paying too much for too little coverage. he then cancels it behind my back. He then tells me like 2 months later and I tell him I want insurance, obviously. He says he'll look for something with more coverage and that isn't overpriced. He never does. He leaves it uninsured and doesn't tell me because he doesn't want to pay for it.

I figured my bike wouldnt be covered since it was Keiths house even though (I assumed) my dad had dealt with it, I now find out it didnt have any insurance at all! Travis' Shore got covered from being stolen while leaned up against a wall at IDNS. I know the plans are out there and readily available. So I'm asking what the costs are bebcause and I'm taking them back to my dad and asking him what is up since I know lots of people have wicked plans for not insane pricing.

What brought this on...

the fact that he tells me and the first thing he tells me after is that although he cancelled the insurance so I won't receive any money he won't give me any either. I didn't ask for a new bike from him, obviously, but for him to come tell me that all along hes had no plans of helping me at all after it was HIS fault I'm not getting insurance coverage is pretty harsh...

basically because of this if my bike is not recovered I'm dead in the water, no way I have enough money and no way I will for a LONG time.

[Nelson]

Originally posted by Zaskar
oh i did.

get this...

my dad insures my bike. paying too much for too little coverage. he then cancels it behind my back. He then tells me like 2 months later and I tell him I want insurance, obviously. He says he'll look for something with more coverage and that isn't overpriced. He never does. He leaves it uninsured and doesn't tell me because he doesn't want to pay for it.

I figured my bike wouldnt be covered since it was Keiths house even though (I assumed) my dad had dealt with it, I now find out it didnt have any insurance at all! Travis' Shore got covered from being stolen while leaned up against a wall at IDNS. I know the plans are out there and readily available. So I'm asking what the costs are bebcause and I'm taking them back to my dad and asking him what is up since I know lots of people have wicked plans for not insane pricing.

What brought this on...

the fact that he tells me and the first thing he tells me after is that although he cancelled the insurance so I won't receive any money he won't give me any either. I didn't ask for a new bike from him, obviously, but for him to come tell me that all along hes had no plans of helping me at all after it was HIS fault I'm not getting insurance coverage is pretty harsh...

basically because of this if my bike is not recovered I'm dead in the water, no way I have enough money and no way I will for a LONG time.

Its his fault you dont have insurance..he cancelled it, make him pay for your bike.

[Sasquatch 2002]

Originally posted by Zaskar
oh i did.

get this...

my dad insures my bike. paying too much for too little coverage. he then cancels it behind my back. He then tells me like 2 months later and I tell him I want insurance, obviously. He says he'll look for something with more coverage and that isn't overpriced. He never does. He leaves it uninsured and doesn't tell me because he doesn't want to pay for it.

I figured my bike wouldnt be covered since it was Keiths house even though (I assumed) my dad had dealt with it, I now find out it didnt have any insurance at all! Travis' Shore got covered from being stolen while leaned up against a wall at IDNS. I know the plans are out there and readily available. So I'm asking what the costs are bebcause and I'm taking them back to my dad and asking him what is up since I know lots of people have wicked plans for not insane pricing.

What brought this on...

the fact that he tells me and the first thing he tells me after is that although he cancelled the insurance so I won't receive any money he won't give me any either. I didn't ask for a new bike from him, obviously, but for him to come tell me that all along hes had no plans of helping me at all after it was HIS fault I'm not getting insurance coverage is pretty harsh...

basically because of this if my bike is not recovered I'm dead in the water, no way I have enough money and no way I will for a LONG time.
thats rough cam. the last couple days just havent been going well for you.

[corey@nsmb.com]

You are a big kid Cam...Old enough to drive, old enough to run your own web based bike biz, and **old enough to handle insuring your rig**. Shitty..indeed, but you could simply offer to help pay to insure your own bike. If I had kids, I don't think I'd be down with shelling out an additional $400 a year to insure my kids $5000 bike. If you can afford the bike, you can afford the $25 a month it will cost to insure it. It sucks he didn't tell you he cancelled it, but I am not sure how fair it is to pin it all on your pops.

Insuring after the fact is illegal and will get you in even more deep. I know you never said you were going to, but if it ever crossed your mind, it aint a good idea.

Most companies that insure bikes (it falls under your house/renters insurance) recognize them as a "high risk" item, which is why they cost so much to insure. Typically, once you get ripped off and paid out once, it is pretty hard to get the same coverage from the same insurance agency, because now you are costing them money.

I insure my rig through Dominion of Canada insurance, through my local broker. I pay $25 a month and I have enough coverage for the full value of my rig.

It pays to shop around, some places are ridiculous (like around $10 per hundred), others are much cheaper at something like $6 per hundred.

I really hope the cops get you your bike back. I feel for you, that really sucks. Believe in karma though, what goes around comes around.

[jro]

Shitty deal that you lost your bike but don't rag on dad since you should be the one forking over the cash for insurance. If pops thinks that the insurance was too much then you should of let him know that you were happy with it and offer to pay. Pops probably feels just as shitty as you do, OK maybe not as shitty but he probably feels pretty bad, actually probably no where close to as shitty as you feel, shit now I'm starting to feel shitty. I gotta go.

[Lady Gravity]

my insurance is allstate. it's $2 for every $100 of bike value. no deductible. insured EVERYWHERE - at my home, in my truck, on the street - whatever.

[fr33k]

best insurance yet...............

1) side by side 12 gauge magnum shot gun
2) dog

I havent had anyone try to steal it yet. Well two punks did case out my garage one day when I was waxing my truck. They didnt see me but the garage door was open . They start walking towards my open garage . I yell to my dog to "attack" fucker gives chase and corners the two punks behind my neighbours fence. All I say is " next time I wont call him off"

[FullMonty]

fr33k, you're one of the lucky few that gets sweet satisfaction from dealing with punks.

[fr33k]

Originally posted by FullMonty
fr33k, you're one of the lucky few that gets sweet satisfaction from dealing with punks. a few rules never to be broken...........

1) never leave your bike anywere you cant see it
2) never enter your driveway when local fucktards are walking down your alley
3) shoot first then ask questions
4) never break the rules

[Lady Gravity]

Originally posted by fr33k
a few rules never to be broken...........

1) never leave your bike anywere you cant see it


:werd:
going to whistler by myself sucked last week...i was paranoid about using the bathroom and leaving my bike outside :(

[fr33k]

Originally posted by Lady Gravity
:werd:
going to whistler by myself sucked last week...i was paranoid about using the bathroom and leaving my bike outside :( pee in the bush

[FullMonty]

True... I keep my bikes in the basement of our house, which is fairly secure. The only quick way to them is through a steel door. Luckily my neighbourhood isn't rank with shitheads, but there's a few. I've already had to deal with the fucktards for non-bike-related things, so they avoid my street.

[Keefer]

Originally posted by fr33k
pee in the bush

Rugged :eek:

[Lady Gravity]

Originally posted by fr33k
pee in the bush

yeah you'd like that wouldn't you :rolleyes:
whistler's a BIT busy for peeing in the bush. fine if you're a guy :(

[FullMonty]

Originally posted by Lady Gravity
yeah you'd like that wouldn't you :rolleyes:
whistler's a BIT busy for peeing in the bush. fine if you're a guy :(

I was taking a piss at the top of Dirt Merchant, and a fucking tour of n00bs came by, heading down E-Z Does It. :| Just ruined a good piss. :mad: Oh well, at least they were on a tour and not riding down DM like fools.

[sprinter]

I get my insurace through Monex. They are a broker. I think that the actual insurance is with someone else. All my bike are covered up my maximum coverage amount. I think their a deductable of 200 dollars though. Covered when ever, where ever.

[Lady Gravity]

Originally posted by FullMonty
I was taking a piss at the top of Dirt Merchant, and a fucking tour of n00bs came by, heading down E-Z Does It. :| Just ruined a good piss. :mad: Oh well, at least they were on a tour and not riding down DM like fools.

:lol:
the first time i rode a-line this year, there was a pack of about 6-7 guys ahead of me. when i got to the trail split for the crabapple jumps, 4 of them were facing into the bush, peeing away :lol:

[free ryder]

my insurance is allstate. it's $2 for every $100 of bike value. no deductible. insured EVERYWHERE - at my home, in my truck, on the street - whatever.


who is your insurance person

[Bryce]

Originally posted by free ryder
my insurance is allstate. it's $2 for every $100 of bike value. no deductible. insured EVERYWHERE - at my home, in my truck, on the street - whatever.

Is that in addition to home insurance? Can you insure a bike alone? Between my truck and my bike, thats about all I got.

[Lady Gravity]

Originally posted by Bryce
Is that in addition to home insurance? Can you insure a bike alone? Between my truck and my bike, thats about all I got.

i have the same - i believe it's in addition to home insurance. you'd have to ask them about separate insurance.

[c2skyrida]

I heard most home insurers cap the value pretty low. Does anyone know if BCAA does this?

[Zaskar]

so lemme get this straight :rolleyes:

he tells me he's going to get it dealt with and doesnt...if he told me he wanted 25$ a month he'd get it. but instead i'm out a wack load of cash...somehow i'm the bad guy in this situation now...he's sat back with more money in his pocket and i'm down a wack load.

i'm a little confused where i'm the bad guy in this situation.


PS. this thread isnt to whine about my dad it's to find out what you guys got...and if my bike would be covered under keefers house insurance since it got stolen from his garage. i dont think it would be. but its worth asking.

[corey@nsmb.com]

Originally posted by Zaskar
so lemme get this straight :rolleyes:

he's sat back with more money in his pocket and i'm down a wack load.



Dude, it isn't your money in his pocket, its his. It also isn't "more", it is what he already had. Its not like he was profitting off you not having your bike insured. It is your responsibility, and you could have followed up with him rather than assume...then you couldn't be pointing the finger at him.

Anyway, I digress. To answer your question, your bike may indeed be covered by Keefers home insurance. You should look into that with his parents and their broker.

Again, I feel for you. This whole thing sucks!

[Oldfart]

Most policies limit the amount payable for bikes (and other stuff too) to $500 but only for certain perils. If your house or garage burns down abd the bike with it, you're probably covered to full value. If its stolen from the back of your truck you'll only collect the $500 limit unless you have purchased an increased limit.

Its always a good idea to actually read the policy and ask your insurance broker a million questions. Its the brokers job to explain it to you and make recommendations to you for proper coverage.

I'm covered by ING. The policy was purchased through our broker Raymar. I think we're paying 4% of the value insured. All 4 good bikes are scheduled.

[spookymilk]

i don't know how much it cost but the deductable is pretty high. to replace my stock sasquatch costs 200!!!

[just ride]

10 bucks a month on top of whatever the house insurance is ..its a $100 deductable, and i get $2600ish back to replace it.. its covered for everything, fire, theft( from anywhere) accedents etc.

[drezy]

This thread got me thinking so I just phoned my insurance agent. I'm insured through Dominion and if the bike is stolen (must be locked or in a house, not necessarily my house) it is covered but I have a 500 dollar deductable. If i wanted to add insurance, get rid of the deductable and receive full replacement value(not depreciated), it's $5 per 100, or $225 a year.

[couch@nsmb.com]

I was thinking about this the other day - maybe someone has an answer. What constitutes a "bike"? If the wheels are not attached or their is no seat post etc at what point is it considered bike parts (covered by regular insurance) and a "bike" (an additional rider is required).

Couch

I ask because when my bikes were stolen earlier this year the bikes were covered for a grand total of $500 but I was able to claim tires, panniers and other misc bike parts seperately under my regular insurance.

[Noodles]

Originally posted by Lady Gravity
my insurance is allstate. it's $2 for every $100 of bike value. no deductible. insured EVERYWHERE - at my home, in my truck, on the street - whatever.

where do u get ur insurance from? that sounds like a really good deal

[Zaskar]

Originally posted by Mulletron
Dude, it isn't your money in his pocket, its his. It also isn't "more", it is what he already had. Its not like he was profitting off you not having your bike insured. It is your responsibility, and you could have followed up with him rather than assume...then you couldn't be pointing the finger at him.

Anyway, I digress. To answer your question, your bike may indeed be covered by Keefers home insurance. You should look into that with his parents and their broker.

Again, I feel for you. This whole thing sucks!

i can honestly see where you're coming from. and it seems you can see where i am. my point just to calrify is that he promised me bike insurance and didnt deliver. money that was allotted for the insurance instead stayed in the wallet. he never asked me to pay for it much the same way your parents dont ask you to pay 5$ for the dinner I just ate.

that's where my logic comes in. his net loss is nothing. mine is the total cost of the bike. when really if the insurance had been payed i would have come out even (due to the insurance money) and he would be down the coverage fees (which is bad, but it was agreed on. so i dont see where the issue is)

my parents have done alot for my biking so i'm not pushing it with them, i'm obviously a little pissed they cancelled it behind my back though.

[Zaskar]

Originally posted by couch@nsmb.com
I was thinking about this the other day - maybe someone has an answer. What constitutes a "bike"? If the wheels are not attached or their is no seat post etc at what point is it considered bike parts (covered by regular insurance) and a "bike" (an additional rider is required).

Couch

I ask because when my bikes were stolen earlier this year the bikes were covered for a grand total of $500 but I was able to claim tires, panniers and other misc bike parts seperately under my regular insurance.

couch, are you saying that if my bike is dis-assembled in my garage and all the individual parts are stolen it is covered better than if it is put together in to bike? :lol:

the only reason i can see making sense is that it's alot easier to jump on a bike with wheels and just ride away than it is to pick up like 20 indivudal parts.

[fr33k]

Cam..............sorry about your bike dude. BUT, it was you who left it UNATTENDED at some party. Mistakes happen. Both on maybe your dads part but mainly on yours.

[Zaskar]

locked inside a garage with like 10 other bikes :rolleyes: thats about as unattended as it would have been in my own garage. the only way in to the garage short of the other two doors that were shut and locked (until the bike got stolen) was the door that i was sitting right beside all night. it wasn't a stranger who went in to the garage either. it was Keith who opened it for a couple minutes to do something. I've known him since grd 1 so it's good to say i trust him. still do.

i did what i could. anything beyond that was out of my hands.

[Craz]

Maybe it wasn't stolen... Maybe some fat kid got hungry and ate it?


Seriously though, we're gonna find it!

[couch@nsmb.com]

Originally posted by Zaskar
couch, are you saying that if my bike is dis-assembled in my garage and all the individual parts are stolen it is covered better than if it is put together in to bike? :lol:

the only reason i can see making sense is that it's alot easier to jump on a bike with wheels and just ride away than it is to pick up like 20 indivudal parts.

That is exactly what I am saying. Bike parts are covered without additional insurance so... what constitutes an actual bike opposed to bike parts from a legal view point?

[CraigH]

Originally posted by Lady Gravity
:werd:
going to whistler by myself sucked last week...i was paranoid about using the bathroom and leaving my bike outside :(

Carry a cable lock in your camelbak, use the bathroom at the top Gondola building, bring the bike inside the building.