Does tenant insurance cover bike theft?

Bike insurance may cover bike theft in your renter’s apartment or house. However, it's important to make sure your bike insurance covers bike theft outside your property. Some bike insurance policies only cover bike theft from your home in the case of your bike being stolen from outside your home. You’ll need to check your policy to find out if that’s the case.

Does tenant insurance cover bicycle theft?

Although bike theft is covered under your standard homeowners insurance policy, bike insurance typically covers it through a rider, part of comprehensive coverage. Renters insurance with bike coverage is also an option, and while this type of policy might cover bike theft in your residence, it doesn’t cover bikes that are stored outside.

Does landlord insurance cover bike theft?

Some insurance providers advertise bike coverage through a rider added to your renter’s insurance policy. If bike coverage is advertised but not purchased, your bike will not be covered in the event it is stolen. Insurance providers typically have bike coverage riders for both personal bikes and bikes for business use. If you have a bike for business use, you will want to make sure your bike is covered.

Does tenant insurance cover bicycle loss?

Depending on your policy, bike insurance might cover bike loss if you report the theft to your provider within a reasonable time frame. For example, if bike theft occurs on December 1st and you report it on December 31st, your bike insurance company might only cover it retroactively if you report it within 30 days. Some bike insurance companies cover bike loss if you report it within 30 days even if it was stolen on the 1st of the month.

Does tenant insurance cover bike loss?

When bike theft happens, it’s not the bike that’s stolen — it’s the valuable accessories and bike itself. This is because bike owners usually store their bikes inside their home. This means that your bike insurance will only cover bike theft if it happens outside your home (e.g. in a bike park, bike shop, or public bike rental station).