While most people who drive a car have car insurance, many people who ride bikes do not have bicycle insurance. Most people are not aware if bicycle insurance even exists. It does, and can be a good option for people who regularly use a bike for transportation.
What Does Bicycle Insurance Cover?
Primarily, bicycle insurance provides coverage to riders who are injured in collisions. Bicycle accidents are often extremely damaging and result in severe injury to bike riders. A bicycle insurance plan can provide compensation for medical bills resulting from a bike accident, as well as the cost of damage to the bicycle and other property.
Bicycle insurance plans often provide coverage for theft as well. A bicycle insurance policy may also cover damage caused by events other than collisions.
Benefits of Bicycle Insurance
If you regularly use a bicycle as your main form of transportation, purchasing a bicycle insurance policy may be a good choice. Bicycle insurance can serve as a safety net for riders who face financial difficulties caused by bicycle accidents, theft, and other scenarios. It offers a sense of security to bike owners. The other types of coverage that bicycle insurance offers, such as theft and damage insurance, protects from situations that other sources of recovering compensation may not.
California is an At-Fault State
California is a fault-based state, so people who are injured in bicycle accidents, car accidents, and other types of motor vehicle collisions can file a claim with the at-fault party in order to recover compensation. Under this system, bicycle insurance may not be necessary. Instead of relying on a bike insurance policy, you should be able to file a claim against an at-fault driver in cases of accidents.
However, having your own policy can provide peace of mind and account for situations such as hit and run accidents or incidents in which the at-fault driver does not have sufficient coverage.
Your choice of whether or not to purchase a bicycle insurance policy is up to you. This will depend on your needs, how often you use your bike, your risk of being involved in a collision, and other factors.
The lawyers of Tedford & Associates can help if you were injured in a bicycle accident. Contact us today to discuss the details of your case.
For a free consultation with our attorneys, complete our contact form or call (626) 325-0142.