Friday, March 25, 2011

"Property and Casualty Insurance" - Things to know



Thieves on Two Wheels

Bicycle enthusiasts prize their wheels, often spending a lot of money to purchase their rides and keep them well maintained. But whether a bike is a simple, inexpensive brand or a highly-valued mountain or racing version, having it turn up missing can be discouraging, disheartening—and expensive.
Bicycles and Insurance
Though most people don’t realize it, homeowners and renters insurance policies cover bicycles. Like any other contents on the property, they’re part of the owner’s possessions—and insurance companies treat them as such by reimbursing the owner so another, comparable bike can be purchased following damage or theft. 
However, a deductible usually applies, so it’s wise to find out ahead of time how much it will cost to actually file a claim.


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