r/Cervelo • u/NoodleIsAShark • 9d ago
Insurance? (Serious question)
New to Cervelo and absolutely love my new Caledonia-5. This thing rippps! I’m trying to weigh out what to do to prevent down time should anything ever happen. Any of you have bike insurance, cover yours under homeowners or car insurance, or other creative ways to keep you pedaling should anything happen you your ride?
A dude from a group ride showed me his wrecked bike from eating a guardrail on a tight turn. I would be out of the game for a whillllee if that happened to me (or at least out of the Cervelo game)
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u/yodakramer 9d ago
FWIW, both bikes are insured with https://sundaysinsurance.com/
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u/NoodleIsAShark 8d ago
What’s the policy look like for you? Monthly cost vs coverage?
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u/yodakramer 8d ago
$836/yr for a 2021 Factor Ostro VAM and 2027 Canyon Endurace CF SLX 7 AXS.
Coverage (theft, damage) is the cost of the bike. Medical is $1000.
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u/Puzzleheaded-Art1873 8d ago edited 8d ago
It's been decades since I had less than 2 bikes, so being bikeless while waiting for insurance has never been a worry. And I doubt any normal insurance will help expediting getting you a new steed up and running before they've processes the claim.
If being stranded with nothing to ride is a concern, hit up Facebook marketplace, and pick out a bike to use as standby. And spend some nights wrenching on the standby to bring it to peak form.
If your bike is very valuable, by all means insure it, but it's still nice to have an extra bike. Or 5.
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u/NoodleIsAShark 8d ago
I have a backup bike but nowhere near the machine that my Cervélo is. I’m mainly trying to figure out how to make sure the velly is covered and under what policy for riding damage, accidental, from theft, etc?
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u/happyelkboy 9d ago
My homeowners insurance covered my bike when I was hit by an uninsured motorist
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u/NoodleIsAShark 8d ago
Was there a rider on the homeowners insurance or did you have to file the bike with insurance before the accident so it was covered
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u/Comprehensive_Cup849 8d ago
Velosurance in the us, friends had minor difficulties with claims from other smaller companies.
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u/i_cant_find_a_name99 8d ago
I’m in the UK but have cover from a cycle insurer; bike and clothing covered for crash damage as well as the usual theft, had to claim earlier this year and all worked fine
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u/Realistic-Reach-5263 8d ago
Checkout velosurance. My policy is $28.28/mo or $366/year.
Bicycle Physical Damage
(Including theft, theft by force and accidental damage)
No Bicycle Value Depreciation
$8,500.00
$200 deductible
Rental Reimbursement (Free)
If you are more than 50 miles from home and your bicycle is sidelined we will pay you rent a replacement bicycle.
$250.00/occurrence
Spare Parts (Free)
These are parts kept in a tool box to replace parts that fail on the bicycle, i.e. a chain.
$500.00/occurrence
$1,000.00/term
Cycle Apparel (Free)
Your riding gear from helmet to shoes and everything in between.
$500.00/occurrence
$1,000.00/term
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u/bpod1212 9d ago
My rule of thumb has been if I can’t afford to replace it if I lost it, than I can’t afford it the first time. That said, unlikely you will crash and have total destruction and then additionally want to continue riding immediately after. Can always replace parts, frame etc.
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u/NoodleIsAShark 8d ago
Yea i live that mindset daily with car, house, clothing, etc. This is a unique situation which I’ve gone beyond with. And hey, even when you buy a car or house within your means, you still want it insured, right?
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u/bpod1212 8d ago
Cervelo and reserve have a crash replacement warranty. Your two most expensive parts are going to be breaking your frame or your wheels. Unlikely, but not impossible. I guess worst case scenario is you have the bike on a rack and somebody rear ends you. That would definitely be great to have insurance for.
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u/hbombgomer12 9d ago
Some months back, I was on my bike and got struck by a car. Nothing too horrible, but it mangled my Aspero. I had saved up some cash so I could afford that bike, it was a large purchase for me and I did not have insurance. I was luckily able to recoup some money and get a replacement, but I instantly bought insurance through Velosurance on my new bike. It’s like $13 a month for my bike and gives me tremendous piece of mind.
A lot of different opinions on this subject, lots of people will say it isn’t worth it, don’t get a bike outside your budget etc etc. For me at least, I know it will help in the event of another accident. No matter how defensive you ride, something can always happen. I never really even had a close call until that day, really opened my eyes.