Bike crash insurance questions

The Real Bev said...

NONONONONONONO! You owe them nothing! Would you buy the bike in its
present condition for $200? Of course not! You might give $20 just in
case SOME part of it might be reusable (maybe one of the cables?), but
even that's a stretch.

Sure, I'd buy it for $200. I already know somebody who wants to buy it
from me for twice what I paid for salvage.

SuperSlinky wrote:

The Real Bev said...

NONONONONONONO! You owe them nothing! Would you buy the bike in its
present condition for $200? Of course not! You might give $20 just in
case SOME part of it might be reusable (maybe one of the cables?), but
even that's a stretch.

Sure, I'd buy it for $200. I already know somebody who wants to buy it
from me for twice what I paid for salvage.

sigh Have you ever thought of getting a T-shirt with a big red
"VICTIM" and a bullseye on the back?

Maybe I'm being too harsh, but the idea of spending $200 on a parts bike
just seems WRONG. Comes from doing all my bike shopping at yard sales,
I guess. We turned down a near-virgin Schwinn Paramount with its 197x
sales slip for $250...

--
Cheers, Bev
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"I love to go down to the schoolyard and watch all the
little children jump up and down and run around yelling and
screaming...They don't know I'm only using blanks." --Emo

Hunrobe wrote:

The Real Bev

wrote:

Since you have lawyers, ask them if you can submit the medical bills to
the insurance company you're dealing with AND to your own medical
insurance company (if any). That MRI could give you a second bicycle,
or at least a nice Bob trailer.

Bev-
I'd be awfully leery of any lawyer that said, "Sure, go ahead.". Every
insurance policy I've ever seen has subrogation clauses. BTW, *both* my
trailers are nice but neither is for sale. Oh, you meant BOB trailers. ;-)

When I did it (perhaps it's different now) there was no coordination of
benefits between liability insurers and medical insurers. If it were a
question of medical insurance only, then the two companies would share
the cost. Same with two liability companies. But think -- both
insurance companies have been fully paid to insure that accident, why
should one of them get a free or discounted ride?

--
Cheers,
Bev
================================================== =======
"Anonymity is a shield from the tyranny of the majority."
-- U.S. Supreme Court, McIntyre v Ohio Elections,1995

The Real Bev

wrote in part:

But think -- both
insurance companies have been fully paid to insure that accident, why
should one of them get a free or discounted ride?

The catch is that one pays an insurance premium to insure against *loss*. If
one has been made whole by one company then there is no loss for a second
company to pay out on, right? Turning your question around a bit, if you have
bike theft coverage under a homeowner's or renter's policy and your bike never
gets stolen your insurer has gotten a "free ride" haven't they? Or to put it
another way, why not pay premiums on three or more homeowner's policies and
pray for a hurricane or tornado? ;-)

Regards,
Bob Hunt

On 21 Sep 2004 02:53:49 GMT, Hunrobe wrote:

The Real Bev

wrote in part:

But think -- both
insurance companies have been fully paid to insure that accident, why
should one of them get a free or discounted ride?

The catch is that one pays an insurance premium to insure against
*loss*. If
one has been made whole by one company then there is no loss for a second
company to pay out on, right? Turning your question around a bit, if you
have
bike theft coverage under a homeowner's or renter's policy and your bike
never
gets stolen your insurer has gotten a "free ride" haven't they? Or to
put it
another way, why not pay premiums on three or more homeowner's policies
and
pray for a hurricane or tornado? ;-)

Regards,
Bob Hunt

I don't insure my bike, just my cars. If the bike gets stolen I am not out
that much and if I get hit the drivers insurance will pay for it or that
driver will not be out on the road again anytime soon. What could you
possibly insure a bike for, liability? Would it be worth the premium?
Maybe if you could convince your insurance company that since you ride
your
bike everywhere you only use you car on weekends to go to church and
get groveries. Just maybe.
Bill Baka

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Bill Baka

wrote:

I don't insure my bike, just my cars. If the bike gets stolen I am not out
that much and if I get hit the drivers insurance will pay for it or that
driver will not be out on the road again anytime soon. What could you
possibly insure a bike for, liability? Would it be worth the premium?
Maybe if you could convince your insurance company that since you ride
your
bike everywhere you only use you car on weekends to go to church and
get groveries. Just maybe.
Bill Baka

I specified *theft* coverage, Bill. Bikes are partially covered against theft
under many homeowner's/renter's insurance policies. Additional coverage is
often available simply by adding a bike specific rider. Perhaps your bikes are
inexpensive enough that they would fall below a deductible but not every bike
is. It would cost about $4000.00 US to replace my road bike if it were stolen.
The theft rider on my homeowner's policy costs me less than $100.00 US per
year. Mine is a standard rider that covers tools, jewelry, and furs up to
$1000.00 US and bikes up to actual replacement cost so for me the insurance
makes sense. YMMV.

Regards,
Bob Hunt

On 23 Sep 2004 16:56:45 GMT, Hunrobe wrote:

Bill Baka

wrote:

I don't insure my bike, just my cars. If the bike gets stolen I am not
out
that much and if I get hit the drivers insurance will pay for it or that
driver will not be out on the road again anytime soon. What could you
possibly insure a bike for, liability? Would it be worth the premium?
Maybe if you could convince your insurance company that since you ride
your
bike everywhere you only use you car on weekends to go to church and
get groveries. Just maybe.
Bill Baka

I specified *theft* coverage, Bill. Bikes are partially covered against
theft
under many homeowner's/renter's insurance policies. Additional coverage
is
often available simply by adding a bike specific rider. Perhaps your
bikes are
inexpensive enough that they would fall below a deductible but not every
bike
is. It would cost about $4000.00 US to replace my road bike if it were
stolen.
The theft rider on my homeowner's policy costs me less than $100.00 US
per
year. Mine is a standard rider that covers tools, jewelry, and furs up to
$1000.00 US and bikes up to actual replacement cost so for me the
insurance
makes sense. YMMV.

Regards,
Bob Hunt

I never leave my bike in a position to be stolen, even taking it in stores
with me.
Not that it is an expensive bike, but I have a lot of work and special
parts on it.
I would be happy just to get a reduction in my auto insurance since I only
drive
maybe 15 miles in 2 weeks. $4000.00 on a bike? For that difference I would
buy a
boat and take it with my car to someplace I could row it while my wife
fished.
She would be happy and I would get my upper body workout like I used to
when I
had a lake for a back yard. I used to be all muscle on top,
now I am just the opposite, fit but way different proportions.
I really need to dig out my weights and start using them.
Bill Baka


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Bill Baka

wrote in part:

I never leave my bike in a position to be stolen, even taking it in stores
with me.

---snip---

Television sets, DVD players, and VCRs are taken from living rooms in
residential burglaries every day and unlike bikes they aren't designed for
mobility. Where the heck do you keep your bike?

$4000.00 on a bike? For that difference I would
buy a
boat and take it with my car to someplace I could row it while my wife
fished.

$4000.00 for a rowboat? Email me and I'll sell you my jonboat or my kayak.
Heck, for $4K I'll sell both *and* throw in a trailer. g

Regards,
Bob Hunt

On 25 Sep 2004 06:43:12 GMT, Hunrobe wrote:

Bill Baka

wrote in part:

I never leave my bike in a position to be stolen, even taking it in
stores
with me.

---snip---

Television sets, DVD players, and VCRs are taken from living rooms in
residential burglaries every day and unlike bikes they aren't designed
for
mobility. Where the heck do you keep your bike?

$4000.00 on a bike? For that difference I would
buy a
boat and take it with my car to someplace I could row it while my wife
fished.

$4000.00 for a rowboat? Email me and I'll sell you my jonboat or my
kayak.
Heck, for $4K I'll sell both *and* throw in a trailer. g

Regards,
Bob Hunt

Well, I had a big boat, 16 foot by 6 feet wide, made for a motor, and
I moved to a place where motors were not allowed. Hence I was rowing
about an 800 pound boat that could carry 6 people. I switched positions
do do both push and pull rowing so got a pretty good upper workout.
Nobody even thought about challenging me to an arm wrestle that year.
If it had been more in the wild I would have just put my bike in the boat
and rowed to a trail but there were houses all around the lake (man made).
Can't have it all.
Bill Baka


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Bill Baka

wrote in part:

Well, I had a big boat, 16 foot by 6 feet wide, made for a motor, and
I moved to a place where motors were not allowed. Hence I was rowing
about an 800 pound boat that could carry 6 people.

Okay, I'll throw in a sea anchor but you have to pay shipping.

Regards,
Bob Hunt