How much does the bike insurance pay for accidental damage?

BikeInsure physical damage coverage has a $10,000 per bike annual aggregate coverage limit and a $100 per occurrence deductible.

Suppose your bicycle is in an accident and physical damage to the insured bike occurs. In that case, the insurance will pay the amount necessary to repair the insured bike, not to exceed the value of the bicycle and the stated limit of insurance.

However, suppose the insured bike will not be repaired. In that case, we will pay the amount necessary to replace the bicycle with a current market substantially similar like and quality bike less the per occurrence deductible, not exceeding the stated insurance limit.

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A cyclist involved in a bike accident with their bicycle insured shared, "I crashed my 2023 Specialized Tarmac SL8 while cycling with friends in Arizona. We hit a section of road scraped for construction work. Before I knew it, my wheels were swept out from beneath me, which destroyed my Roval Rapide CLX II carbon wheels, handlebars, shifters, saddle, and carbon saddle rails.

The only painless aspect of my crash was my claims experience with BikeInsure. The lady in claims guided me through making a claim, and I was paid $4,071.58, with only the bike accident deductible of $100 to pay.

‍I tell all my cycling friends that I have BikeInsure, I crashed, and the bike insurance works!"

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A BikeInsure customer involved in a bike crash shared, "BikeInsure was the best $25 bucks I have ever spent."

The last thing I would have ever wanted was to have an accident. The last thing I would have ever wanted was to destroy a bike. But I race, I had a bike accident, and I destroyed the bicycle.

BikeInsure was the best $25 bucks I have ever spent. 

Beyond the insurance claim, the best part about this whole experience has been your level of customer service. You have personally called after my signup, have followed up, been extremely professional, beyond friendly and genuinely cared about me as a person. That is unmatched anywhere else.

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A USA Cycling Member who signed up for BikeInsure shared, "I was riding my 2018 Canyon Ultimate in California when I crashed after hitting a pothole. I took my bike to Summit Bicycle in Palo Alto for an evaluation. Luckily, I have BikeInsure! The bike shop gave me a written estimate for my bike insurance claim to fix the required handlebar and Shimano derailleur issues. The total damages, including parts, labor, and tax, amounted to $654.31.

Thanks to USA Cycling for offering BikeInsure, the bike shop fixed my Canyon, and I only had to pay the $100 bike insurance deductible."

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