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Cycle Your Way to Quality Insurance Coverage for Your Bicycle!

bicycle.gifDid you know that your bicycle is covered by your home insurance in Beaverton, OR?

Whether you ride your bicycle to work or explore trails on the weekend, bicycling is an increasingly popular pastime, sport, and mode of transportation. As a result, basic bikes can be incredibly affordable, while racing and sport bikes can set you back thousands of dollars.

However you use your bike, it is important to understand the rules of the road and protect your financial investment with the proper insurance!


Bicycles are covered under the personal property section of standard home insurance policies. This coverage will aid your expenses of replacement or repair should you bike be stolen or damaged in a fire, hurricane, or other peril listed in your policy.

There are two types of coverage for personal property:

  • Actual Cash Value – This reimburses you for what the bicycle is actually worth given its age. For example, a 5-year-old bike would be valued at the cost of a comparable bicycle minus 5 years of depreciation.
  • Replacement Cost Coverage – For this, you could get reimbursement for what it would cost to replace your 5-year-old bike with one of similar kind and quality at current cost. This coverage costs about 10 percent more than the actual cash value, but it’s worth its weight in gold.

Liability Coverage

In addition to protection of your physical bike, your home insurance in Beaverton, OR will provide liability protection for harm that you may cause to someone else or their property. If you insure someone in a bike accident and he or she decides to slap a lawsuit on you, you will be covered up to the limits of your policy! This takes the expense (and stress) out of any lawsuit!

If you’re unsure what your coverage for your bicycle is on your home insurance in Beaverton, OR, call your agent today! For the best coverage to suit your needs and budget, contact Fox Insurance Agency, serving multiple areas of Oregon!